8/99
United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for Calendar Year or Quarter Ended: 6/99
Check here if Amendment [ ]; Amendment Number: [ ]
This Amendment (Check only one.): [ ] is a restatement
[ ] Adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Spear, Leeds & Kellogg
Address: 120 Broadway
New York, NY 10271
13F File Number: 28-
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedule, lists and tables, are considered integral parts of this form.
Person Signing this report on Behalf of Reporting Manager:
NAME: Carl H. Hewitt
Title: General Counsel
Phone: 212-433-7015
Signature, Place, and Date of Signing:
____________________________ ________________________
[Signature] [City, State]
Report Type [Check only one.]:
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings are reported in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: [ 1002]
Form 13F Information Table Value Total: $1,535,653,291
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F-file numbers(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
Report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.
<TABLE>
FORM 13F INFORMATION TABLE
DESCRIPTION SECTYP CUSIP TOTALMARKETVALPOSITION 6 7 8
E UE
<S> <S> <S> <C> <C> <C> <S> <S> <S>
3 COM CORP CALL 88553590 1,331,250 50,000 SOLE SOLE SOLE
4
ABBOTT LABS CALL 00282490 395,850 8,700 SOLE SOLE SOLE
0
ABBOTT LABS PUT 00282495 932,750 20,500 SOLE SOLE SOLE
0
ACM MUNI SEC INCOME FUND COMM 00094210 141,750 10,500 SOLE SOLE SOLE
INC 2
ACRODYNE COMMUNICATIONS COMM 00500E10 344,504 113,649 SOLE SOLE SOLE
INC 4
ACTUATE CORPORATION COMM 00508B10 438,620 16,870 SOLE SOLE SOLE
2
ACX TECHNOLOGIES INC PUT 00512395 170,625 10,500 SOLE SOLE SOLE
4
ADOBE SYSTEMS INC (DE) COMM 00724F10 279,636 3,405 SOLE SOLE SOLE
1
ADRRANDGOLD&EXPLORA+ LIMI 75300930 142,315 42,963 SOLE SOLE SOLE
7
ADTRAN INC CALL 00738A90 641,625 17,700 SOLE SOLE SOLE
6
ADVANCE FINANCIAL BANCORP COMM 00743710 165,600 13,800 SOLE SOLE SOLE
6
ADVANCED ENERGY INDS INC COMM 00797310 360,977 8,913 SOLE SOLE SOLE
0
ADVANCED FIBRE PUT 00754A95 1,660,519 106,700 SOLE SOLE SOLE
COMMUNICATIONS 5
ADVANCED FIBRE COMM 00754A10 1,318,891 84,748 SOLE SOLE SOLE
COMMUNICATIONS 5
ADVANCED MACH VISION CORP COMM 00753B10 14,994 12,967 SOLE SOLE SOLE
A 4
ADVANCED MEDICAL INC CONV 00754CAA 345,040 454 SOLE SOLE SOLE
9
ADVANTICA REST GRP + COMM 00758B10 48,672 14,159 SOLE SOLE SOLE
9
ADVANTICA RESTAURANT GRP COMM 00758B11 23,657 42,056 SOLE SOLE SOLE
WTS 7
ADVEST GROUP INC COMM 00756610 687,844 34,500 SOLE SOLE SOLE
2
AES CORP. (THE) CALL 00130H90 2,208,750 38,000 SOLE SOLE SOLE
5
AETNA INC. CALL 00811790 2,888,831 32,300 SOLE SOLE SOLE
3
AETNA INC. PUT 00811795 12,959,494 144,900 SOLE SOLE SOLE
3
AETNA INC. COMM 00811710 2,665,238 29,800 SOLE SOLE SOLE
3
AFFYMETRIX INC COMM 00826T10 221,235 4,515 SOLE SOLE SOLE
8
AFLAC INC CALL 00105590 2,786,325 58,200 SOLE SOLE SOLE
2
AFLAC INC PUT 00105595 2,417,688 50,500 SOLE SOLE SOLE
2
AFLAC INC COMM 00105510 1,144,213 23,900 SOLE SOLE SOLE
2
AIRBORNE FREIGHT CORP CALL 00926690 498,375 18,000 SOLE SOLE SOLE
7
AIRBORNE FREIGHT CORP PUT 00926695 1,395,450 50,400 SOLE SOLE SOLE
7
AIRBORNE FREIGHT CORP COMM 00926610 739,256 26,700 SOLE SOLE SOLE
7
ALBERTO CULVER CO CALL 01306890 343,463 12,900 SOLE SOLE SOLE
1
ALBERTSONS INC CALL 01310490 309,375 6,000 SOLE SOLE SOLE
4
ALBERTSONS INC PUT 01310495 3,006,094 58,300 SOLE SOLE SOLE
4
ALBERTSONS INC COMM 01310410 1,582,969 30,700 SOLE SOLE SOLE
4
ALCATEL AMER 01390430 2,324,140 81,908 SOLE SOLE SOLE
5
ALLAIRE CORP COMM 01671410 429,202 6,306 SOLE SOLE SOLE
7
ALLIANCE PHARMACEUTICAL COMM 01877310 27,678 10,671 SOLE SOLE SOLE
CORP 1
ALLIANT TECHSYSTEMS INC CALL 01880490 216,250 2,500 SOLE SOLE SOLE
4
ALLMERICA FINC'L CORP. CALL 01975490 863,538 14,200 SOLE SOLE SOLE
0
ALPHARMA INC CORP 020813AB 1,365,000 1,000 SOLE SOLE SOLE
05750 05 7
ALPINE GROUP INC CALL 02082590 351,769 21,900 SOLE SOLE SOLE
5
ALTA GOLD CORP COMM 02127110 0 236,655 SOLE SOLE SOLE
1
ALTERA CORP COMM 02144110 2,453,320 66,757 SOLE SOLE SOLE
0
ALZA CORP CORP 022615AD 2,066,250 1,500 SOLE SOLE SOLE
0
AMAZON COM INC COMM 02313510 346,048 2,767 SOLE SOLE SOLE
6
AMBI INC COMM 00163N10 338,372 148,324 SOLE SOLE SOLE
2
AMC ENTERTAINMENT INC PUT 00166995 1,858,950 97,200 SOLE SOLE SOLE
0
AMC ENTERTAINMENT INC COMM 00166910 292,613 15,300 SOLE SOLE SOLE
0
AMDOCS LTD PUT G0260295 646,100 28,400 SOLE SOLE SOLE
3
AMDOCS LTD COMM G0260210 2,764,125 121,500 SOLE SOLE SOLE
3
AMERADA HESS CORP CALL 02355190 2,100,350 35,300 SOLE SOLE SOLE
4
AMERADA HESS CORP PUT 02355195 821,100 13,800 SOLE SOLE SOLE
4
AMERICA ONLINE INC (DEL) COMM 02364J10 3,195,881 28,922 SOLE SOLE SOLE
4
AMERICA WEST HOLDINGS CALL 02365790 841,825 44,600 SOLE SOLE SOLE
8
AMERICA WEST HOLDINGS PUT 02365795 622,875 33,000 SOLE SOLE SOLE
8
AMERICA WEST HOLDINGS B SH 02365720 271,800 14,400 SOLE SOLE SOLE
8
AMERICAN EAGLE OUTFITTERS CALL 02553E90 2,934,750 64,500 SOLE SOLE SOLE
INC 6
AMERICAN HOME PRODS CORP PUT 02660995 13,202,000 229,600 SOLE SOLE SOLE
7
AMERICAN HOME PRODS CORP COMM 02660910 9,619,750 167,300 SOLE SOLE SOLE
7
AMERICAN ITALIAN PASTA CO CALL 02707090 364,500 12,000 SOLE SOLE SOLE
1
AMERICAN NATIONAL COMM 02859110 382,755 5,372 SOLE SOLE SOLE
INSURANCE CO 5
AMERICAN SAFETY RAZOR CO COMM 02936210 101,570 10,157 SOLE SOLE SOLE
0
AMERICAN SUPERCONDUCTOR CALL 03011190 292,775 19,600 SOLE SOLE SOLE
CRP 8
AMERIPATH INC CALL 03071D90 165,256 19,300 SOLE SOLE SOLE
9
AMERISOURCE HEALTH CORP CALL 03071P90 298,350 11,700 SOLE SOLE SOLE
2
AMERISOURCE HEALTH CORP PUT 03071P95 385,050 15,100 SOLE SOLE SOLE
2
AMERITRADE HLDG CORP CL A PUT 03072H95 13,169,225 123,800 SOLE SOLE SOLE
9
AMERITRADE HLDG CORP CL A A SH 03072H10 7,818,988 73,504 SOLE SOLE SOLE
9
AMTEC INC COMM 03232Q10 263,702 234,402 SOLE SOLE SOLE
6
AMWAY ASIA PACIFIC LTD CALL G0352M90 301,088 25,900 SOLE SOLE SOLE
8
AMWAY ASIA PACIFIC LTD PUT G0352M95 213,900 18,400 SOLE SOLE SOLE
8
ANNTAYLOR HLDGS INC CALL 03611590 243,000 5,400 SOLE SOLE SOLE
3
APAC TELESERVICES INC COMM 00185E10 45,477 13,993 SOLE SOLE SOLE
6
APACHE CORP CALL 03741190 6,965,400 178,600 SOLE SOLE SOLE
5
APACHE CORP PUT 03741195 1,996,800 51,200 SOLE SOLE SOLE
5
APPLE COMPUTER INC COMM 03783310 588,539 12,708 SOLE SOLE SOLE
0
APPLIED ANALYTICAL INDS COMM 03793910 156,724 13,931 SOLE SOLE SOLE
INC 5
APPLIED MAGNETICS CORP COMM 03821310 30,625 10,000 SOLE SOLE SOLE
4
APPLIED MICRO CIRCUITS COMM 03822W10 588,661 7,071 SOLE SOLE SOLE
CORP 9
ARC INTERNATIONAL CORP COMM 00190510 556,631 424,100 SOLE SOLE SOLE
8
ARCHER DANIELS MIDLAND CO PUT 03948395 1,923,513 124,600 SOLE SOLE SOLE
2
ARCHER DANIELS MIDLAND CO COMM 03948310 1,168,001 75,660 SOLE SOLE SOLE
2
ARIEL CORP COMM 04033M10 316,586 140,705 SOLE SOLE SOLE
4
ARNOLD INDUSTRIES INC PUT 04259595 261,375 17,000 SOLE SOLE SOLE
8
ARQUAL INC COMM 04269E10 83,041 17,034 SOLE SOLE SOLE
7
ASARCO INCORPORATED CALL 04341390 238,919 12,700 SOLE SOLE SOLE
3
ASCENT ENTMT GROUP INC CALL 04362890 568,875 41,000 SOLE SOLE SOLE
6
ASPEC TECHNOLOGY INC COMM 04523310 27,496 31,424 SOLE SOLE SOLE
3
ASPECT DEVELOPMENT INC CALL 04523490 1,506,344 81,700 SOLE SOLE SOLE
1
ASTORIA FINANCIAL CORP CALL 04626590 623,025 14,200 SOLE SOLE SOLE
4
ASTORIA FINANCIAL CORP PUT 04626595 1,544,400 35,200 SOLE SOLE SOLE
4
ASTORIA FINANCIAL CORP COMM 04626510 576,693 13,144 SOLE SOLE SOLE
4
ASYST TECHNOLOGIES INC CALL 04648X90 994,838 33,300 SOLE SOLE SOLE
7
AT & T CORPORATION PUT 00195795 3,951,525 70,800 SOLE SOLE SOLE
9
AT & T CORPORATION CALL 00195790 605,566 10,850 SOLE SOLE SOLE
9
AT HOME CORP PUT 04591995 4,228,700 78,400 SOLE SOLE SOLE
7
AT HOME CORP COMM 04591910 3,187,976 59,105 SOLE SOLE SOLE
7
AT&T CRP LIBERTY MEDIA GP PUT 00195795 1,311,975 35,700 SOLE SOLE SOLE
CL-A 8
AT&T CRP LIBERTY MEDIA GP CALL 00195790 2,208,675 60,100 SOLE SOLE SOLE
CL-A 8
AULT INCORPORATED COMM 05150310 233,103 28,912 SOLE SOLE SOLE
0
AURA SYSTEMS INC COMM 05152610 4,710 21,528 SOLE SOLE SOLE
1
AUTODESK INC PUT 05276995 257,194 8,700 SOLE SOLE SOLE
6
AVADO BRANDS INC COMM 05336P10 164,452 19,636 SOLE SOLE SOLE
8
AVERY DENNISON CORP CALL 05361190 1,605,975 26,600 SOLE SOLE SOLE
9
AVERY DENNISON CORP PUT 05361195 2,457,263 40,700 SOLE SOLE SOLE
9
AVIS RENT A CAR INC CALL 05379090 1,820,313 62,500 SOLE SOLE SOLE
1
AVIS RENT A CAR INC PUT 05379095 503,863 17,300 SOLE SOLE SOLE
1
AVNET INC CALL 05380790 1,088,100 23,400 SOLE SOLE SOLE
3
AVNET INC PUT 05380795 1,432,200 30,800 SOLE SOLE SOLE
3
AZTEC MFG CO COMM 05482510 97,500 10,000 SOLE SOLE SOLE
4
BAKER FENTRESS CO COMM 05721310 285,000 15,000 SOLE SOLE SOLE
0
BAKER HUGHES INC. COMM 05722410 404,379 12,071 SOLE SOLE SOLE
7
BALL CORPORATION COMM 05849810 422,500 10,000 SOLE SOLE SOLE
6
BANCO FRANCES DEL RIO DE COMM 05959110 288,553 15,187 SOLE SOLE SOLE
LA 7
BANK OF AMERICA CORP CALL 63858590 718,463 9,800 SOLE SOLE SOLE
4
BANK ONE CORP CALL 31945A90 3,841,781 64,500 SOLE SOLE SOLE
3
BANKATLANTIC BANCORP INC PUT 06590895 359,600 49,600 SOLE SOLE SOLE
CL A 1
BANKATLANTIC BANCORP INC A SH 06590850 300,694 41,475 SOLE SOLE SOLE
CL A 1
BARD C R INC PUT 06738395 3,643,313 76,200 SOLE SOLE SOLE
9
BARD C R INC COMM 06738310 3,595,500 75,200 SOLE SOLE SOLE
9
BARNES & NOBLE.COM COMM 06784610 306,390 17,081 SOLE SOLE SOLE
5
BATTLE MTN GOLD CO CALL 07159390 67,763 27,800 SOLE SOLE SOLE
7
BATTLE MTN GOLD CO COMM 07159310 29,250 12,000 SOLE SOLE SOLE
7
BAYOU STEEL CORP COMM 07305110 109,125 29,100 SOLE SOLE SOLE
4
BB&T CORP CALL 05493790 711,738 19,400 SOLE SOLE SOLE
7
BEMIS INC CALL 08143790 938,100 23,600 SOLE SOLE SOLE
5
BENTON OIL & GAS CO COMM 08328810 60,000 30,000 SOLE SOLE SOLE
0
BEST BUY CO INC PUT 08651695 1,350,000 20,000 SOLE SOLE SOLE
1
BETHLEHEM STL CORP PUT 08750995 307,500 40,000 SOLE SOLE SOLE
5
BETHLEHEM STL CORP COMM 08750910 184,500 24,000 SOLE SOLE SOLE
5
BIOVAIL CORP INT'L NEW PUT 09067K95 822,106 16,100 SOLE SOLE SOLE
6
BIOVAIL CORP INT'L NEW COMM 09067K10 418,713 8,200 SOLE SOLE SOLE
6
BIRMINGHAM STEEL CORP COMM 09125010 41,250 10,000 SOLE SOLE SOLE
0
BISYS GROUP INC COMM 05547210 245,934 4,204 SOLE SOLE SOLE
4
BLACKROCK 2001 TERM TR COMM 09247710 1,389,600 154,400 SOLE SOLE SOLE
8
BLACKROCK MUNI TARGET COMM 09247M10 126,000 12,000 SOLE SOLE SOLE
TERM TR 5
BLOCK H & R INC CALL 09367190 555,000 11,100 SOLE SOLE SOLE
5
BLOCK H & R INC PUT 09367195 2,110,000 42,200 SOLE SOLE SOLE
5
BLOCK H & R INC COMM 09367110 650,000 13,000 SOLE SOLE SOLE
5
BOEING CO PUT 09702395 2,602,644 58,900 SOLE SOLE SOLE
5
BOEING CO COMM 09702310 1,826,181 41,328 SOLE SOLE SOLE
5
BOGEN COMMUNICATIONS INTL COMM 09718910 332,150 51,100 SOLE SOLE SOLE
INC 4
BOLLE INC COMM 09793710 28,735 10,449 SOLE SOLE SOLE
6
BORDEN CHEM & PLASTICS LP CALL 09954190 2,672,588 375,100 SOLE SOLE SOLE
3
BORDEN CHEM & PLASTICS LP PUT 09954195 1,288,200 180,800 SOLE SOLE SOLE
3
BORG WARNER AUTOMOTIVE PUT 09972495 236,500 4,300 SOLE SOLE SOLE
INC 6
BOWNE & CO INC DEL PUT 10304395 135,200 10,400 SOLE SOLE SOLE
5
BOWNE & CO INC DEL COMM 10304310 520,000 40,000 SOLE SOLE SOLE
5
BREED TECHNOLOGIES INC PUT 10670295 31,500 14,000 SOLE SOLE SOLE
3
BROOKE GROUP LTD PUT 11252595 2,244,000 96,000 SOLE SOLE SOLE
0
BROOKE GROUP LTD COMM 11252510 1,255,238 53,700 SOLE SOLE SOLE
0
BROWNING FERRIS INDS INC CALL 11588590 1,320,100 30,700 SOLE SOLE SOLE
5
BROWNING FERRIS INDS INC COMM 11588510 202,100 4,700 SOLE SOLE SOLE
5
BUCKEYE TECHNOLOGIES INC CALL 11825590 220,219 14,500 SOLE SOLE SOLE
8
BUCKEYE TECHNOLOGIES INC PUT 11825595 271,856 17,900 SOLE SOLE SOLE
8
BURLINGTON RES INC CALL 12201490 1,660,800 38,400 SOLE SOLE SOLE
3
BURLINGTON RES INC PUT 12201495 1,946,250 45,000 SOLE SOLE SOLE
3
CABLETRON SYSTEMS INC CALL 12692090 2,102,100 161,700 SOLE SOLE SOLE
7
CABLETRON SYSTEMS INC PUT 12692095 777,400 59,800 SOLE SOLE SOLE
7
CADENCE DESIGN SYSTEM INC PUT 12738795 1,912,500 150,000 SOLE SOLE SOLE
8
CADENCE DESIGN SYSTEM INC COMM 12738710 1,365,831 107,124 SOLE SOLE SOLE
8
CAMBIOR INC COMM 13201L10 48,750 15,000 SOLE SOLE SOLE
3
CAMBRIDGE TECHNOLOGY PUT 13252495 1,515,500 86,600 SOLE SOLE SOLE
PARTNERS 9
CAMBRIDGE TECHNOLOGY COMM 13252410 584,465 33,398 SOLE SOLE SOLE
PARTNERS 9
CANADIAN PACIFIC LTD CALL 13592390 419,100 17,600 SOLE SOLE SOLE
(NEW) 0
CANADIAN PACIFIC LTD PUT 13592395 352,425 14,800 SOLE SOLE SOLE
(NEW) 0
CAPITAL FEDERATED COMM 14057C10 120,471 11,682 SOLE SOLE SOLE
FINANCIAL 6
CARRIER ACCESS CORP COMM 14446010 2,749,031 62,835 SOLE SOLE SOLE
2
CASE CORP CALL 14743R90 7,339,063 152,500 SOLE SOLE SOLE
3
CASE CORP PUT 14743R95 9,451,750 196,400 SOLE SOLE SOLE
3
CASE CORP COMM 14743R10 1,005,813 20,900 SOLE SOLE SOLE
3
CASH TECH INC COMM 14791010 160,735 15,128 SOLE SOLE SOLE
3
CATERPILLAR INC CALL 14912390 5,994,000 99,900 SOLE SOLE SOLE
1
CATERPILLAR INC PUT 14912395 2,286,000 38,100 SOLE SOLE SOLE
1
C-CUBE MICROSYSTEMS INC PUT 12501595 743,188 23,500 SOLE SOLE SOLE
7
C-CUBE MICROSYSTEMS INC COMM 12501510 3,194,505 101,012 SOLE SOLE SOLE
7
CELADON GROUP INC COMM 15083810 134,595 15,952 SOLE SOLE SOLE
0
CELESTICA INC PUT 15101Q95 818,606 18,900 SOLE SOLE SOLE
8
CELESTICA INC COMM 15101Q10 830,301 19,170 SOLE SOLE SOLE
8
CELLULAR COMMUN P.R. INC COMM 15116N10 568,978 20,008 SOLE SOLE SOLE
8
CENDANT CORP PUT 15131395 7,300,050 356,100 SOLE SOLE SOLE
3
CENDANT CORP COMM 15131310 22,447,500 1,095,00 SOLE SOLE SOLE
3 0
CENTENNIAL CELLULAR CORP A SH 15133V20 225,649 6,334 SOLE SOLE SOLE
CL A 8
CENTURY BANCSHARES INC COMM 15643610 148,050 24,675 SOLE SOLE SOLE
7
CENTURY COMMUNICATIONS CP COMM 15650310 615,940 13,390 SOLE SOLE SOLE
CL-A 4
CHART INDUSTRIES INC CALL 16115Q90 100,800 12,800 SOLE SOLE SOLE
0
CHASE MANHATTAN CORP CALL 16161A90 40,142,025 463,400 SOLE SOLE SOLE
8
CHASE MANHATTAN CORP PUT 16161A95 3,326,400 38,400 SOLE SOLE SOLE
8
CHASTAIN CAPITAL CORP COMM 16169710 131,578 20,050 SOLE SOLE SOLE
7
CHECKFREE HLDGS CORP COMM 16281610 402,298 14,629 SOLE SOLE SOLE
2
CHIQUITA BRAND INTL CALL 17003290 205,200 22,800 SOLE SOLE SOLE
6
CHIQUITA BRAND INTL PUT 17003295 533,700 59,300 SOLE SOLE SOLE
6
CHIQUITA BRAND INTL COMM 17003210 181,800 20,200 SOLE SOLE SOLE
6
CHOICE HOTELS INT'L CALL 16990590 363,400 18,400 SOLE SOLE SOLE
INC(NEW) 6
CHS ELECTRONICS INC NEW PUT 12542A95 681,625 155,800 SOLE SOLE SOLE
6
CHS ELECTRONICS INC NEW COMM 12542A20 634,375 145,000 SOLE SOLE SOLE
6
CHUBB CORP CALL 17123290 201,550 2,900 SOLE SOLE SOLE
1
CISCO SYSTEMS INC CALL 17275R90 979,450 15,200 SOLE SOLE SOLE
2
CISCO SYSTEMS INC COMM 17275R10 2,283,665 35,440 SOLE SOLE SOLE
2
CITIGROUP INC CALL 89419090 1,634,000 34,400 SOLE SOLE SOLE
1
CITIGROUP INC CALL 17296790 4,083,813 85,975 SOLE SOLE SOLE
1
CITIGROUP INC PUT 17296795 53,942,188 1,135,62 SOLE SOLE SOLE
1 5
CITY INVESTING LIQ TRUST COMM 17790010 15,460 12,066 SOLE SOLE SOLE
UBI 7
CLAYTON HOMES INC CALL 18419090 450,638 39,400 SOLE SOLE SOLE
6
CLAYTON HOMES INC PUT 18419095 283,650 24,800 SOLE SOLE SOLE
6
CLAYTON HOMES INC COMM 18419010 301,950 26,400 SOLE SOLE SOLE
6
CLOROX CO CALL 18905490 5,308,581 49,700 SOLE SOLE SOLE
9
CLOROX CO PUT 18905495 3,321,869 31,100 SOLE SOLE SOLE
9
CLOROX CO COMM 18905410 961,313 9,000 SOLE SOLE SOLE
9
CMC INDUSTRIES INC COMM 12570810 205,227 30,125 SOLE SOLE SOLE
7
CMGI INC COMM 12575010 436,609 3,832 SOLE SOLE SOLE
9
CNA FINL CORP CALL 12611790 2,797,688 69,400 SOLE SOLE SOLE
0
CNA FINL CORP PUT 12611795 604,688 15,000 SOLE SOLE SOLE
0
CNB BANCSHARES INC COMM 12612610 809,400 14,200 SOLE SOLE SOLE
1
CNET CORP 125945AA 831,875 500 SOLE SOLE SOLE
3
CNF TRANSPORTATION INC CALL 12612W90 368,400 9,600 SOLE SOLE SOLE
4
CNF TRANSPORTATION INC PUT 12612W95 844,250 22,000 SOLE SOLE SOLE
4
CNF TRANSPORTATION INC COMM 12612W10 345,375 9,000 SOLE SOLE SOLE
4
COACH USA INC COMM 18975L10 5,745,438 137,000 SOLE SOLE SOLE
6
COAST DISTRIBUTION COMM 19034510 47,933 17,430 SOLE SOLE SOLE
SYSTEMS 8
COASTAL CORP COMM 19044110 675,440 16,886 SOLE SOLE SOLE
5
COCA COLA CO PUT 19121695 312,500 5,000 SOLE SOLE SOLE
0
COCA COLA CO COMM 19121610 312,500 5,000 SOLE SOLE SOLE
0
COGNOS INC CALL 19244C90 482,850 22,200 SOLE SOLE SOLE
9
COLUMBIA FINANCIAL OF COMM 19764R10 341,910 30,058 SOLE SOLE SOLE
KENTUCKY 6
COMMERCE BANCORP INC N J CALL 20051990 1,799,775 42,100 SOLE SOLE SOLE
6
COMMERCE BANCORP INC N J PUT 20051995 513,000 12,000 SOLE SOLE SOLE
6
COMPAQ COMPUTER CORP CALL 20449390 1,876,050 79,200 SOLE SOLE SOLE
0
COMPAQ COMPUTER CORP COMM 20449310 1,643,344 69,376 SOLE SOLE SOLE
0
COMPUSA INC PUT 20493295 148,750 20,000 SOLE SOLE SOLE
7
COMPUTER LEARNING INC CALL 20519990 147,631 29,900 SOLE SOLE SOLE
2
COMPUTER LEARNING INC PUT 20519995 1,727,631 349,900 SOLE SOLE SOLE
2
COMPUTER LEARNING INC COMM 20519910 1,491,441 302,064 SOLE SOLE SOLE
2
COMPUTRAC INC COMM 20562010 13,643 13,643 SOLE SOLE SOLE
7
COMPUTRON SOFTWARE INC COMM 20563110 29,002 38,669 SOLE SOLE SOLE
4
COMSHARE INC COMM 20591210 31,715 10,356 SOLE SOLE SOLE
8
COMSOLIDATED FREIGHTWAYS CALL 20923290 434,344 33,900 SOLE SOLE SOLE
CORP 7
COMSOLIDATED FREIGHTWAYS PUT 20923295 133,250 10,400 SOLE SOLE SOLE
CORP 7
COMVERSE TECHNOLOGY INC COMM 20586240 1,621,542 21,513 SOLE SOLE SOLE
(NEW) 2
CONCENTRA MANAGED CARE COMM 20589T10 191,735 12,999 SOLE SOLE SOLE
3
CONCORD COMMUNICATIONS CALL 20618690 796,500 18,000 SOLE SOLE SOLE
INC 8
CONE MILLS CORP COMM 20681410 60,000 10,000 SOLE SOLE SOLE
5
CONECTIV CL A CALL 20682990 730,681 29,900 SOLE SOLE SOLE
3
CONECTIV CL A PUT 20682995 645,150 26,400 SOLE SOLE SOLE
3
CONEXANT CORP 207142AA 2,827,500 2,000 SOLE SOLE SOLE
8
CONNECT INC NEW COMM 20752830 47,796 15,143 SOLE SOLE SOLE
8
CONSOLIDATED EDISON INC CALL 20911590 841,650 18,600 SOLE SOLE SOLE
(HOLDN 4
CONSOLIDATED NAT GAS CO CALL 20961590 2,909,925 47,900 SOLE SOLE SOLE
3
CONSOLIDATED NAT GAS CO PUT 20961595 613,575 10,100 SOLE SOLE SOLE
3
CONTINUCARE CORP COMM 21217210 249,875 399,800 SOLE SOLE SOLE
0
COOPER COS INC NEW CALL 21664890 795,506 31,900 SOLE SOLE SOLE
2
COOPER COS INC NEW PUT 21664895 2,331,656 93,500 SOLE SOLE SOLE
2
COPLEY PHARMACEUTICAL INC COMM 21745K10 167,239 16,316 SOLE SOLE SOLE
1
CORDANT TECHNOLOGIES INC CALL 21841290 1,075,463 23,800 SOLE SOLE SOLE
4
CORE LABORATORIES NV COMM N2271710 278,750 20,000 SOLE SOLE SOLE
7
CORPORATE EXPRESS INC COMM 21988810 180,137 25,849 SOLE SOLE SOLE
4
COVER-ALL TECHNOLOGIES COMM 22289210 99,875 79,900 SOLE SOLE SOLE
INC 1
CREATIVE BIOMOLECULES INC COMM 22527010 893,325 250,758 SOLE SOLE SOLE
7
CRITICAL PATH INC COMM 22674V10 240,775 4,353 SOLE SOLE SOLE
0
CROSS TIMBERS OIL CO COMM 22757310 223,125 15,000 SOLE SOLE SOLE
2
CROWN CORK & SEAL PREF 22825530 884,813 33,000 SOLE SOLE SOLE
COMPANY, INC 3
CROWN CORK & SEAL INC CALL 22825590 766,650 26,900 SOLE SOLE SOLE
5
CROWN CORK & SEAL INC PUT 22825595 1,140,000 40,000 SOLE SOLE SOLE
5
CROWN RESOURCES CORP COMM 22856910 154,817 99,083 SOLE SOLE SOLE
9
CRW FINANCIAL INC COMM 12627610 181,343 35,384 SOLE SOLE SOLE
4
CTG RESOURCES INC COMM 12595710 909,375 25,000 SOLE SOLE SOLE
(HOLDING CO) 0
CUBIC CORP COMM 22966910 220,123 8,939 SOLE SOLE SOLE
6
CUMMINS ENGINE INC CALL 23102190 3,278,975 57,400 SOLE SOLE SOLE
6
CUMMINS ENGINE INC PUT 23102195 457,000 8,000 SOLE SOLE SOLE
6
DAIMLERCHRYSLER AG COMM D1668R12 1,368,675 15,400 SOLE SOLE SOLE
3
DALLAS SEMICONDUCTOR CORP CALL 23520490 303,000 6,000 SOLE SOLE SOLE
4
DALLAS SEMICONDUCTOR CORP PUT 23520495 595,900 11,800 SOLE SOLE SOLE
4
DATA TRANSMISSION NETWORK CALL 23801790 928,125 33,000 SOLE SOLE SOLE
CRP 7
DATA TRANSMISSION NETWORK PUT 23801795 773,438 27,500 SOLE SOLE SOLE
CRP 7
DATASCOPE CORP CALL 23811390 568,613 17,700 SOLE SOLE SOLE
4
DATASCOPE CORP PUT 23811395 578,250 18,000 SOLE SOLE SOLE
4
DAYTON MNG CORP COMM 23990210 1,599 25,589 SOLE SOLE SOLE
9
DELL COMPUTER CORP PUT 24702595 131,142,900 3,550,40 SOLE SOLE SOLE
9 0
DELL COMPUTER CORP COMM 24702510 85,940,006 2,326,63 SOLE SOLE SOLE
9 3
DEUTSCHE TELEKOM AG COMM 25156610 1,736,475 41,100 SOLE SOLE SOLE
5
DEVON ENERGY CORP CALL 25179990 5,358,925 149,900 SOLE SOLE SOLE
2
DEVON ENERGY CORP PUT 25179995 1,687,400 47,200 SOLE SOLE SOLE
2
DIAGEO PLC NEW ADS COMM 25243Q20 297,861 6,927 SOLE SOLE SOLE
5
DIEBOLD INC CALL 25365190 488,750 17,000 SOLE SOLE SOLE
3
DIEBOLD INC PUT 25365195 460,000 16,000 SOLE SOLE SOLE
3
DIMON INC PUT 25439495 54,469 10,500 SOLE SOLE SOLE
9
DIMON INC COMM 25439410 108,419 20,900 SOLE SOLE SOLE
9
DISC INC COMM 23321A10 45,313 25,000 SOLE SOLE SOLE
1
DLJ DIRECT PUT 25766195 433,650 14,700 SOLE SOLE SOLE
4
DLJ DIRECT COMM 25766150 383,500 13,000 SOLE SOLE SOLE
4
DOLE FOOD INC PUT 25660595 293,750 10,000 SOLE SOLE SOLE
6
DONALDSON LUFKIN JENRETTE CALL 25766190 1,711,100 28,400 SOLE SOLE SOLE
8
DONALDSON LUFKIN JENRETTE PUT 25766195 2,464,225 40,900 SOLE SOLE SOLE
8
DOUBLECLICK INC COMM 25860930 261,233 2,855 SOLE SOLE SOLE
4
DOW JONES & CO INC PUT 26056195 3,327,019 62,700 SOLE SOLE SOLE
5
DOW JONES & CO INC COMM 26056110 1,151,456 21,700 SOLE SOLE SOLE
5
DPL INC (HOLDING CO) CALL 23329390 1,199,888 65,300 SOLE SOLE SOLE
9
DREXLER TECHNOLOG CORP PUT 26187695 161,500 17,000 SOLE SOLE SOLE
6
DREXLER TECHNOLOG CORP COMM 26187610 166,041 17,478 SOLE SOLE SOLE
6
DREYFUS MUNICIPAL INCOME COMM 26201R10 87,338 10,200 SOLE SOLE SOLE
INC 2
DREYFUS STRATEGIC MUM BD COMM 26202F10 157,500 18,000 SOLE SOLE SOLE
FD 7
DUALSTAR TECHNOLOGIES COMM 26357210 167,828 32,747 SOLE SOLE SOLE
CORP 9
DURAMED PHARMACEUTICALS CALL 26635490 818,588 52,600 SOLE SOLE SOLE
INC 9
DURAMED PHARMACEUTICALS PUT 26635495 1,766,344 113,500 SOLE SOLE SOLE
INC 9
DYNEX CAPITAL INC COMM 26817Q10 23,800 11,900 SOLE SOLE SOLE
0
E4L, INC CALL 26845290 155,969 21,700 SOLE SOLE SOLE
9
E4L, INC PUT 26845295 161,000 22,400 SOLE SOLE SOLE
9
EARTHLINK NETWORK INC PUT 27032295 4,810,556 78,300 SOLE SOLE SOLE
0
EARTHLINK NETWORK INC COMM 27032210 4,323,971 70,380 SOLE SOLE SOLE
0
EASTMAN KODAK CO CALL 27746190 1,544,700 22,800 SOLE SOLE SOLE
9
EASTMAN KODAK CO PUT 27746195 3,644,950 53,800 SOLE SOLE SOLE
9
EASTMAN KODAK CO COMM 27746110 2,963,656 43,744 SOLE SOLE SOLE
9
EASYRIDERS, INC COMM 27784810 32,525 21,683 SOLE SOLE SOLE
7
ECHO BAY MINES LTD COMM 27875110 86,250 60,000 SOLE SOLE SOLE
2
ECOLAB INC CALL 27886590 1,356,738 31,100 SOLE SOLE SOLE
0
EDAP TMS SA SPONS ADR AMER 26831110 164,192 101,041 SOLE SOLE SOLE
7
EDWARDS J D & CO PUT 28166795 374,281 20,300 SOLE SOLE SOLE
5
EDWARDS J D & CO COMM 28166710 252,631 13,702 SOLE SOLE SOLE
5
EG & G INC CALL 26845790 509,438 14,300 SOLE SOLE SOLE
8
EL PASO ENERGY CAP TR I CONV 28367820 990,000 20,000 SOLE SOLE SOLE
PFD 9
ELDER-BEERMAN STORES CORP COMM 28447010 108,466 14,833 SOLE SOLE SOLE
1
ELECTRONIC ARTS COMM 28551210 237,654 4,401 SOLE SOLE SOLE
9
ELECTRONIC DATA SYS CORP CALL 28566190 282,813 5,000 SOLE SOLE SOLE
4
EMC CORP MASS PUT 26864895 1,012,000 18,400 SOLE SOLE SOLE
2
EMC CORP MASS COMM 26864810 888,800 16,160 SOLE SOLE SOLE
2
EMERSON ELEC CO CALL 29101190 3,715,913 59,100 SOLE SOLE SOLE
4
EMERSON ELEC CO PUT 29101195 1,270,075 20,200 SOLE SOLE SOLE
4
EMISPHERE TECHNOLOGIES PUT 29134595 119,000 17,000 SOLE SOLE SOLE
INC 6
EMISPHERE TECHNOLOGIES COMM 29134510 171,500 24,500 SOLE SOLE SOLE
INC 6
EMPIRE OF CAROLINA INC COMM 29200710 8,530 17,059 SOLE SOLE SOLE
1
ENDOREX CORP (NEW) COMM 29264N30 128,306 68,430 SOLE SOLE SOLE
7
ENERGY EAST CORP (HOLDING PUT 29266M95 390,000 15,000 SOLE SOLE SOLE
CO) 9
ENERGY EAST CORP (HOLDING COMM 29266M10 218,400 8,400 SOLE SOLE SOLE
CO) 9
ENERGY SECTOR SPDR COMM 81369Y50 1,402,350 50,000 SOLE SOLE SOLE
6
ENSCO INTL DEV CALL 26874Q90 2,388,513 119,800 SOLE SOLE SOLE
0
ENSCO INTL DEV PUT 26874Q95 1,046,719 52,500 SOLE SOLE SOLE
0
ENTREMED INC PUT 29382F95 1,114,275 49,800 SOLE SOLE SOLE
3
ENTREMED INC COMM 29382F10 316,136 14,129 SOLE SOLE SOLE
3
ENVIRONMENTAL TECTONICS COMM 29409210 122,693 12,915 SOLE SOLE SOLE
CORP 1
ENZO BIOCHEM INC PUT 29410095 541,150 54,800 SOLE SOLE SOLE
2
ENZO BIOCHEM INC COMM 29410010 754,598 76,415 SOLE SOLE SOLE
2
EQUALNET COMMUNICATION COMM 29440810 19,848 31,757 SOLE SOLE SOLE
CORP 9
EQUITABLE COS INC PUT 29444G95 750,400 11,200 SOLE SOLE SOLE
7
EQUITABLE COS INC COMM 29444G10 569,500 8,500 SOLE SOLE SOLE
7
ETEC SYSTEMS INC COMM 26922C10 293,106 8,882 SOLE SOLE SOLE
3
ETEK DYNAMICS COMM 26924010 710,917 14,947 SOLE SOLE SOLE
7
EVANS SYSTEMS INC COMM 29921110 91,354 24,774 SOLE SOLE SOLE
2
FASHION MALL.COM COMM 31186K10 209,920 29,592 SOLE SOLE SOLE
6
FASTENAL CO CALL 31190090 1,313,044 25,100 SOLE SOLE SOLE
4
FASTENAL CO PUT 31190095 847,463 16,200 SOLE SOLE SOLE
4
FCNB CORP COMM 30292010 254,519 11,702 SOLE SOLE SOLE
3
FILM ROMAN INC COMM 31723410 645,576 224,548 SOLE SOLE SOLE
2
FIRST AMERICAN CORP CALL 31890090 872,813 21,000 SOLE SOLE SOLE
(TENN) 7
FIRST AMERICAN CORP PUT 31890095 1,870,313 45,000 SOLE SOLE SOLE
(TENN) 7
FIRST AMERICAN CORP COMM 31890010 1,517,031 36,500 SOLE SOLE SOLE
(TENN) 7
FIRST SECURITY CORP DEL CALL 33629490 356,156 13,100 SOLE SOLE SOLE
3
FIRST SECURITY CORP DEL PUT 33629495 339,844 12,500 SOLE SOLE SOLE
3
FIRST SENTINEL BANCORP CALL 33640T90 810,514 92,300 SOLE SOLE SOLE
INC 3
FIRST SENTINEL BANCORP PUT 33640T95 254,658 29,000 SOLE SOLE SOLE
INC 3
FIRST UN RL EST EQ & MTG COMM 33740010 235,940 52,431 SOLE SOLE SOLE
INVS 5
FIRST UNION CORP CALL 33735890 470,000 10,000 SOLE SOLE SOLE
5
FIRST UNION CORP PUT 33735895 2,115,000 45,000 SOLE SOLE SOLE
5
FIRST UNION CORP COMM 33735810 2,107,950 44,850 SOLE SOLE SOLE
5
FIRSTAR CORP (NEW) CALL 33763V90 355,600 12,700 SOLE SOLE SOLE
9
FIRSTAR CORP (NEW) PUT 33763V95 1,198,400 42,800 SOLE SOLE SOLE
9
FISERV INC COMM 33773810 499,560 15,954 SOLE SOLE SOLE
8
FLEET FINANCIAL GROUP INC CALL 33891590 5,675,563 127,900 SOLE SOLE SOLE
(NEW 1
FLEET FINANCIAL GROUP INC PUT 33891595 4,073,625 91,800 SOLE SOLE SOLE
(NEW 1
FLORDIA PROGRESS CORP CALL 34110990 491,619 11,900 SOLE SOLE SOLE
6
FLOWER INDUSTRIES INC CALL 34349690 1,403,181 64,700 SOLE SOLE SOLE
5
FLOWER INDUSTRIES INC PUT 34349695 364,350 16,800 SOLE SOLE SOLE
5
FOAMEX INTL INC COMM 34412310 154,710 27,813 SOLE SOLE SOLE
4
FOOD LION INC CLASS B COMM 34477510 320,402 27,861 SOLE SOLE SOLE
1
FORT JAMES CORP CALL 34747190 799,163 21,100 SOLE SOLE SOLE
4
FORT JAMES CORP PUT 34747195 1,439,250 38,000 SOLE SOLE SOLE
4
FORT JAMES CORP COMM 34747110 329,513 8,700 SOLE SOLE SOLE
4
FORTUNE BRANDS INC COMM 34963110 1,038,513 25,100 SOLE SOLE SOLE
1
FORTUNE NATURAL RES CORP COMM 34968110 106,500 340,800 SOLE SOLE SOLE
6
FREEPORT MCMORAN COPPER & CALL 35671D90 190,138 10,600 SOLE SOLE SOLE
GOLD 7
FRIEDMAN BILLINGS RAMSEY CALL 35843390 825,313 69,500 SOLE SOLE SOLE
GRP 0
FRIEDMAN BILLINGS RAMSEY PUT 35843395 372,875 31,400 SOLE SOLE SOLE
GRP 0
FRITZ COMPANIES INC PUT 35884695 167,700 15,600 SOLE SOLE SOLE
3
FRITZ COMPANIES INC COMM 35884610 171,463 15,950 SOLE SOLE SOLE
3
FRONTIER AIRLS INC NEW CALL 35906590 357,975 22,200 SOLE SOLE SOLE
9
FRONTIER OIL CORP COMM 35914P10 136,250 20,000 SOLE SOLE SOLE
5
FRUIT OF THE LOOM LTD CL- PUT G3682L95 3,236,025 331,900 SOLE SOLE SOLE
A ORD 5
FRUIT OF THE LOOM LTD CL- ORDI G3682L10 2,335,125 239,500 SOLE SOLE SOLE
A ORD 5
G & K SERVICES INC CL A COMM 36126810 312,306 5,970 SOLE SOLE SOLE
5
GADZOOKS INC PUT 36255395 169,600 10,600 SOLE SOLE SOLE
9
GATX CORP CALL 36144890 810,731 21,300 SOLE SOLE SOLE
3
GATX CORP PUT 36144895 243,600 6,400 SOLE SOLE SOLE
3
GENENTECH INC (NEW) PUT 36871095 1,311,750 15,900 SOLE SOLE SOLE
7
GENERAL MAGIC INC CALL 37025390 53,676 15,200 SOLE SOLE SOLE
6
GENERAL MAGIC INC PUT 37025395 119,358 33,800 SOLE SOLE SOLE
6
GENERAL MAGIC INC COMM 37025310 212,941 60,301 SOLE SOLE SOLE
6
GENZYME CORP (GENERAL CALL 37291790 2,048,906 42,300 SOLE SOLE SOLE
DIVISION 4
GENZYME CORP (GENERAL PUT 37291795 227,656 4,700 SOLE SOLE SOLE
DIVISION 4
GENZYME MOLECULAR COMM 37291750 186,612 67,859 SOLE SOLE SOLE
ONCOLOGY DIV 0
GEORGIA PAC CORP CALL 37329890 1,274,388 26,900 SOLE SOLE SOLE
8
GEORGIA PAC CORP PUT 37329895 3,771,050 79,600 SOLE SOLE SOLE
8
GILLETTE CO COMM 37576610 1,025,000 25,000 SOLE SOLE SOLE
2
GLIATECH INC CALL 37929C90 465,750 18,400 SOLE SOLE SOLE
3
GLIATECH INC PUT 37929C95 230,344 9,100 SOLE SOLE SOLE
3
GLOBAL MARINE INC (NEW) CALL 37935290 2,432,950 157,600 SOLE SOLE SOLE
4
GLOBAL MARINE INC (NEW) PUT 37935295 853,694 55,300 SOLE SOLE SOLE
4
GLOBALSTAR CALL G3930H90 846,375 36,600 SOLE SOLE SOLE
TELECOMMUNICATIONS 4
GOLDEN STAR RESOURCES LTD COMM 38119T10 32,500 40,000 SOLE SOLE SOLE
4
GOLDEN STATE BANCORP INC WARR 38119713 368,176 280,515 SOLE SOLE SOLE
WTS 6
GRACE W.R. & CO NEW CALL 38388F90 211,313 11,500 SOLE SOLE SOLE
8
GRAND UNION CO COMM 38653240 298,652 27,621 SOLE SOLE SOLE
2
GREAT ATLANTIC & PAC TEA CALL 39006490 571,431 16,900 SOLE SOLE SOLE
INC 3
GREAT ATLANTIC & PAC TEA PUT 39006495 1,051,569 31,100 SOLE SOLE SOLE
INC 3
GREENWICH ST. CALIF MN FD COMM 39700910 139,200 11,600 SOLE SOLE SOLE
1
GREENWICH STREET MUNI FND COMM 39701A10 215,888 20,200 SOLE SOLE SOLE
INC 7
GREY WOLF INC COMM 39788810 50,000 20,000 SOLE SOLE SOLE
8
GRUBB & ELLIS CO (NEW) COMM 40009520 125,000 25,000 SOLE SOLE SOLE
4
GST TELECOMMUNICATIONS PUT 36194295 443,625 33,800 SOLE SOLE SOLE
INC 5
GST TELECOMMUNICATIONS COMM 36194210 139,348 10,617 SOLE SOLE SOLE
INC 5
HALLIBURTON CO CALL 40621690 2,443,500 54,000 SOLE SOLE SOLE
1
HALLIBURTON CO PUT 40621695 3,321,350 73,400 SOLE SOLE SOLE
1
HANCOCK FABRICS COMM 40990010 43,750 10,000 SOLE SOLE SOLE
7
HANGER ORTHOPEDIC GROUP PUT 41043F95 320,638 22,600 SOLE SOLE SOLE
(NEW) 8
HANGER ORTHOPEDIC GROUP COMM 41043F20 327,731 23,100 SOLE SOLE SOLE
(NEW) 8
HANOVER CAPITAL MTG HOLD WARR 41076111 22,932 183,458 SOLE SOLE SOLE
WTS 8
HANOVER COMPRESSOR CO CALL 41076890 314,825 9,800 SOLE SOLE SOLE
5
HANOVER COMPRESSOR CO PUT 41076895 353,375 11,000 SOLE SOLE SOLE
5
HARKEN ENERGY CORPORATION COMM 41255210 61,425 37,800 SOLE SOLE SOLE
1
HARTFORD LIFE CALL 41659290 499,938 9,500 SOLE SOLE SOLE
3
HARTFORD LIFE PUT 41659295 447,313 8,500 SOLE SOLE SOLE
3
HASTINGS MFG CO COMM 41839810 286,630 21,134 SOLE SOLE SOLE
3
HEALTHSOUTH CORPORATION CALL 42192490 5,756,913 385,400 SOLE SOLE SOLE
1
HEALTHSOUTH CORPORATION PUT 42192495 6,657,644 445,700 SOLE SOLE SOLE
1
HEALTHSOUTH CORPORATION COMM 42192410 2,136,063 143,000 SOLE SOLE SOLE
1
HEARX LTD COMM 42236010 357,297 816,679 SOLE SOLE SOLE
7
HELLER FINANCIAL INC CALL 42332890 333,750 12,000 SOLE SOLE SOLE
3
HEMISPHERX BIOPHARMA CL-A WARR 42366C11 1,025,250 273,400 SOLE SOLE SOLE
WTS 1
HESKA CORP CALL 42805E90 40,469 17,500 SOLE SOLE SOLE
8
HIGH COUNTRY BANCORP INC COMM 42965Q10 180,000 15,000 SOLE SOLE SOLE
7
HILTON HOTELS CORP CALL 43284890 425,625 30,000 SOLE SOLE SOLE
9
HINES HORTICULTURE COMM 43324510 213,241 21,594 SOLE SOLE SOLE
7
HOLLINGER INT'L INC CL A A SH 43556910 237,500 20,000 SOLE SOLE SOLE
8
HOLOGIC INC COMM 43644010 119,323 21,213 SOLE SOLE SOLE
1
HOME DEPOT INC PUT 43707695 6,817,488 105,800 SOLE SOLE SOLE
2
HOME DEPOT INC COMM 43707610 4,129,799 64,090 SOLE SOLE SOLE
2
HOMESTAKE MNG CO CALL 43761490 1,174,906 143,500 SOLE SOLE SOLE
0
HOMESTAKE MNG CO PUT 43761495 701,669 85,700 SOLE SOLE SOLE
0
HOMESTAKE MNG CO COMM 43761410 601,781 73,500 SOLE SOLE SOLE
0
HOST MARRIOT SERV CORP. PUT 44091495 382,688 47,100 SOLE SOLE SOLE
9
HOST MARRIOT SERV CORP. COMM 44091410 310,375 38,200 SOLE SOLE SOLE
9
HUANENG POWER INTL INC AMER 44330410 171,250 10,000 SOLE SOLE SOLE
ADR 0
HUNT CORP COMM 44559110 247,500 30,000 SOLE SOLE SOLE
0
HYPERION TELECMN INC CL A A SH 44914K30 289,976 15,414 SOLE SOLE SOLE
6
ICN PHARMACEUTICALS INC PUT 44892495 1,641,563 51,000 SOLE SOLE SOLE
NEW 0
ICN PHARMACEUTICALS INC COMM 44892410 1,899,063 59,000 SOLE SOLE SOLE
NEW 0
IDENTIX INCORPORATED CALL 45190690 530,856 54,100 SOLE SOLE SOLE
1
IDENTIX INCORPORATED PUT 45190695 117,750 12,000 SOLE SOLE SOLE
1
ILX RESORTS INC COMM 44966150 36,488 19,460 SOLE SOLE SOLE
3
IMAGE ENTERTAINMENT INC COMM 45243920 119,542 18,391 SOLE SOLE SOLE
(NEW) 1
IMAX CORP CALL 45245E90 933,750 41,500 SOLE SOLE SOLE
9
IMAX CORP PUT 45245E95 762,750 33,900 SOLE SOLE SOLE
9
IMC GLOBAL INC CALL 44966990 1,503,413 85,300 SOLE SOLE SOLE
0
IMC GLOBAL INC PUT 44966995 491,738 27,900 SOLE SOLE SOLE
0
IMC GLOBAL INC COMM 44966910 465,300 26,400 SOLE SOLE SOLE
0
IMC GLOBAL INC WTS WARR 44966911 11,644 20,700 SOLE SOLE SOLE
8
IMMULOGIC PHARMACEUTICAL COMM 45252R10 106,223 56,652 SOLE SOLE SOLE
CORP 0
IMMUNEX CORP (NEW) CALL 45252890 10,444,750 82,000 SOLE SOLE SOLE
2
IMMUNEX CORP (NEW) PUT 45252895 4,521,813 35,500 SOLE SOLE SOLE
2
INDUSTRI-MATEMATIK INTL COMM 45579210 26,476 10,862 SOLE SOLE SOLE
CRP 1
INET TECHNOLOGIES COMM 45662V10 237,245 9,911 SOLE SOLE SOLE
5
INFORMATION ADVTG INC COMM 45669P10 129,391 31,850 SOLE SOLE SOLE
1
INFOSEEK CORP COMM 45678M10 341,794 7,130 SOLE SOLE SOLE
7
INFOSPACE . COM INC CALL 45678T90 2,415,800 51,400 SOLE SOLE SOLE
2
INGERSOLL RAND CO CALL 45686690 1,518,688 23,500 SOLE SOLE SOLE
2
INGRAM MICRO INC CALL 45715390 2,760,400 107,200 SOLE SOLE SOLE
4
INKTOMI CORP COMM 45727710 219,342 1,668 SOLE SOLE SOLE
1
INPRISE CORP COMM 45766C10 85,781 17,596 SOLE SOLE SOLE
2
INSIGHT ENTERPRISES INC COMM 45765U10 621,014 25,155 SOLE SOLE SOLE
3
INTEL CORP PUT 45814095 12,345,169 207,700 SOLE SOLE SOLE
0
INTEL CORP COMM 45814010 6,043,902 101,685 SOLE SOLE SOLE
0
INTELLICALL INC COMM 45815C10 98,750 79,000 SOLE SOLE SOLE
3
INTELLIGENT LIFE CORP COMM 45816V10 90,558 13,932 SOLE SOLE SOLE
0
INTELLIGROUP INC PUT 45816A95 345,563 48,500 SOLE SOLE SOLE
6
INTELLIGROUP INC COMM 45816A10 202,008 28,352 SOLE SOLE SOLE
6
INTERGRAPH CORP PUT 45868395 152,981 19,900 SOLE SOLE SOLE
9
INTERGRAPH CORP COMM 45868310 126,544 16,461 SOLE SOLE SOLE
9
INTERIORS INC CL A A SH 45868810 10,829 10,500 SOLE SOLE SOLE
8
INTERMAGNETICS GENERAL CALL 45877190 1,198,150 154,600 SOLE SOLE SOLE
CORP 2
INTERMAGNETICS GENERAL PUT 45877195 204,600 26,400 SOLE SOLE SOLE
CORP 2
INTERNATIONAL HOME FOODS CALL 45965590 1,135,750 61,600 SOLE SOLE SOLE
INC 6
INTERNATIONAL HOME FOODS PUT 45965595 492,281 26,700 SOLE SOLE SOLE
INC 6
INTERNATIONAL PAPER CO CALL 46014690 828,200 16,400 SOLE SOLE SOLE
3
INTERPUBLIC GROUP COS INC CALL 46069090 11,252,588 129,900 SOLE SOLE SOLE
0
INTERTAN INC CALL 46112090 596,550 29,100 SOLE SOLE SOLE
7
INT'L NETWORK SVCS COMM 46005310 728,525 18,100 SOLE SOLE SOLE
1
INTRENET INC COMM 46119010 399,197 138,851 SOLE SOLE SOLE
0
IONICS INC CALL 46221890 543,850 14,900 SOLE SOLE SOLE
8
IONICS INC PUT 46221895 1,558,550 42,700 SOLE SOLE SOLE
8
IPSWICH BANCSHARES INC COMM 46263610 304,425 29,700 SOLE SOLE SOLE
1
IRIDIUM WORLD COMMUNICAT CALL G4939890 1,509,263 144,600 SOLE SOLE SOLE
CL-A 3
ISOLYSER CO INC COMM 46488810 76,507 16,542 SOLE SOLE SOLE
6
ITEQ INC COMM 45043010 48,474 23,151 SOLE SOLE SOLE
3
J L G INDUSTRIES INC CALL 46621090 1,397,725 68,600 SOLE SOLE SOLE
1
J L G INDUSTRIES INC PUT 46621095 307,663 15,100 SOLE SOLE SOLE
1
JARDINE FLEMING CHINA COMM 47111010 301,875 35,000 SOLE SOLE SOLE
REGION 6
JONES PHARMA INC CALL 48023690 471,750 12,000 SOLE SOLE SOLE
8
JONES PHARMA INC PUT 48023695 546,444 13,900 SOLE SOLE SOLE
8
JUST FOR FEET INC PUT 48213P95 63,125 10,000 SOLE SOLE SOLE
6
K2 INC PUT 48273295 144,788 16,200 SOLE SOLE SOLE
4
KANEB SERVICES INC COMM 48417010 2,626,925 618,100 SOLE SOLE SOLE
5
KASPER A S L LTD COMM 48580810 87,617 16,689 SOLE SOLE SOLE
9
KELLEY OIL & GAS CORP COMM 48790610 17,820 81,445 SOLE SOLE SOLE
9
KENDLE INTERNATIONAL INC CALL 48880L90 329,600 20,600 SOLE SOLE SOLE
7
KERR MCGEE CORP CALL 49238690 993,713 19,800 SOLE SOLE SOLE
7
KERR MCGEE CORP PUT 49238695 351,313 7,000 SOLE SOLE SOLE
7
KEY ENERGY SERVICES INC COMM 49291410 267,188 75,000 SOLE SOLE SOLE
6
KFX INC COMM 48245L10 28,989 19,326 SOLE SOLE SOLE
7
KIMBERLY CLARK CORP CALL 49436890 5,796,900 101,700 SOLE SOLE SOLE
3
KING PHARMACEUTICALS INC COMM 49558210 338,963 13,100 SOLE SOLE SOLE
8
KINNARD INVESTMENTS INC COMM 49705910 114,454 27,958 SOLE SOLE SOLE
5
KLA-TENCOR CORP CALL 48248090 10,797,763 166,600 SOLE SOLE SOLE
0
KNIGHT/TRI-MARK CORP COMM 49906710 809,531 13,271 SOLE SOLE SOLE
6
KONINKLIKE PHILIPS COMM 50047220 948,629 9,404 SOLE SOLE SOLE
ELECTRONIC 4
KOS PHARMACEUTICALS INC PUT 50064895 223,000 44,600 SOLE SOLE SOLE
0
KOS PHARMACEUTICALS INC COMM 50064810 142,030 28,406 SOLE SOLE SOLE
0
LAMAR ADVERTISING CO CL-A CALL 51281590 666,263 16,300 SOLE SOLE SOLE
1
LASER VISION CENTERS INC COMM 51807H10 280,423 4,460 SOLE SOLE SOLE
0
LATITUDE COMMUNICATIONS COMM 51829210 182,169 14,013 SOLE SOLE SOLE
INC 7
LEAPNET INC COMM 52186410 48,469 21,246 SOLE SOLE SOLE
8
LEGATO SYSTEMS INC COMM 52465110 439,535 7,611 SOLE SOLE SOLE
6
LEHMAN BROTHERS HOLDINGS COMM 52490810 13,109,850 210,600 SOLE SOLE SOLE
INC 0
LEVEL 3 COMMUNICATIONS COMM 52729N10 608,255 10,106 SOLE SOLE SOLE
INC 0
LINCARE HOLDINGS INC CALL 53279190 397,500 15,900 SOLE SOLE SOLE
0
LOCKHEED MARTIN CORP CALL 53983090 283,100 7,600 SOLE SOLE SOLE
9
LOCKHEED MARTIN CORP PUT 53983095 1,262,775 33,900 SOLE SOLE SOLE
9
LOCKHEED MARTIN CORP COMM 53983010 586,911 15,756 SOLE SOLE SOLE
9
LOGAL EDUCATIONAL ORDI M6777Q10 67,188 107,500 SOLE SOLE SOLE
SOFTWARE 6
LONGS DRUG STORES INC CALL 54316290 584,106 16,900 SOLE SOLE SOLE
1
LONGS DRUG STORES INC PUT 54316295 224,656 6,500 SOLE SOLE SOLE
1
LORAL SPACE & COMM G5646210 630,000 35,000 SOLE SOLE SOLE
COMMUNICATIONS 7
LOUIS DREUYUS NATURAL GAS COMM 54601110 225,285 10,448 SOLE SOLE SOLE
CORP 7
LOUISIANA PACIFIC CALL 54634790 1,572,250 66,200 SOLE SOLE SOLE
CORPORATION 5
LOUISIANA PACIFIC PUT 54634795 923,875 38,900 SOLE SOLE SOLE
CORPORATION 5
LOWE'S COMPANIES, INC. PUT 54866195 391,144 6,900 SOLE SOLE SOLE
7
LSI INDUSTRIES INC. COMM 50216C10 335,796 13,919 SOLE SOLE SOLE
8
LUCENT TECHNOLOGIES INC. CALL 54946390 19,334,331 286,700 SOLE SOLE SOLE
7
LUCENT TECHNOLOGIES INC. PUT 54946395 1,753,375 26,000 SOLE SOLE SOLE
7
LUCOR INC. CL A COMM 54959610 158,150 40,813 SOLE SOLE SOLE
4
LYCOS INC COMM 55081810 524,147 5,705 SOLE SOLE SOLE
8
LYONDELL CHEMICAL CO CALL 55207890 950,813 46,100 SOLE SOLE SOLE
7
M.A. HANNA CO CALL 41052290 287,656 17,500 SOLE SOLE SOLE
6
MANNATECH INC. COMM 56377110 165,920 16,592 SOLE SOLE SOLE
4
MARINE DRILLING COS INC COMM 56824020 136,875 10,000 SOLE SOLE SOLE
(NEW) 4
MARRIOTT INTERNTL INC CL- CALL 57190090 642,850 17,200 SOLE SOLE SOLE
A 2
MARRIOTT INTERNTL INC CL- CALL 57190390 534,463 14,300 SOLE SOLE SOLE
A 2
MARRIOTT INTERNTL INC CL- PUT 57190395 624,163 16,700 SOLE SOLE SOLE
A 2
MARSHALL & ILSEY CORP COMM 57183410 364,073 5,661 SOLE SOLE SOLE
0
MARSHALL INDS COMM 57239310 2,695,313 75,000 SOLE SOLE SOLE
6
MARTIN MARIETTA MATERIALS CALL 57328490 861,400 14,600 SOLE SOLE SOLE
INC 6
MARTIN MARIETTA MATERIALS PUT 57328495 436,600 7,400 SOLE SOLE SOLE
INC 6
MASCO CORP CALL 57459990 1,256,063 43,500 SOLE SOLE SOLE
6
MASCO CORP PUT 57459995 701,663 24,300 SOLE SOLE SOLE
6
MATRIX SERVICE CO COMM 57685310 633,364 158,341 SOLE SOLE SOLE
5
MATTEL INC CALL 57708190 708,525 26,800 SOLE SOLE SOLE
2
MAXTOR CORP COMM 57772920 61,975 12,395 SOLE SOLE SOLE
5
MBIA INC CALL 55262C90 1,689,975 26,100 SOLE SOLE SOLE
0
MBIA INC PUT 55262C95 582,750 9,000 SOLE SOLE SOLE
0
MCCORMICK & CO NON-VTG CALL 57978090 785,906 24,900 SOLE SOLE SOLE
6
MCI WORLDCOM INC CALL 98155K90 1,255,600 14,600 SOLE SOLE SOLE
6
MCKESSON HBOC INC PUT 58155Q95 1,028,000 32,000 SOLE SOLE SOLE
3
MCKESSON HBOC INC COMM 58155Q10 599,131 18,650 SOLE SOLE SOLE
3
MEDAPHIS CORP COMM 58402810 89,356 15,625 SOLE SOLE SOLE
4
MEDIAONE GROUP INC SER-D PREF 58440J20 1,498,125 10,000 SOLE SOLE SOLE
PFD 3
MEDICONSULT COM INC COMM 58469J10 311,063 29,982 SOLE SOLE SOLE
0
MEDIMMUNE INC COMM 58469910 207,196 3,047 SOLE SOLE SOLE
2
MELLON BANK CORP CALL 58550990 15,761,288 433,300 SOLE SOLE SOLE
2
MELLON BANK CORP PUT 58550995 461,963 12,700 SOLE SOLE SOLE
2
MERANT PLC SPONS ADR AMER 58733610 249,971 12,819 SOLE SOLE SOLE
8
MERIDIAN GOLD INC COMM 58997510 85,563 18,500 SOLE SOLE SOLE
1
MERIDICAN RESOURCES CORP COMM 58977Q10 386,725 99,800 SOLE SOLE SOLE
9
MERRILL LYNCH PIERCE CALL 59018890 1,215,050 15,200 SOLE SOLE SOLE
FENNER & 8
METAL MGMT INC COMM 59109710 42,795 28,530 SOLE SOLE SOLE
0
METRA BIOSYSTEMS INC COMM 59159110 220,202 130,490 SOLE SOLE SOLE
2
METRICOM INC PUT 59159695 248,438 12,500 SOLE SOLE SOLE
1
METRICOM INC CORP 591596AC 686,250 500 SOLE SOLE SOLE
08000 03 5
METROMEDIA FIBER NETWORK COMM 59168910 1,071,764 29,823 SOLE SOLE SOLE
INC 4
MGM GRAND INC COMM 55295310 392,000 8,000 SOLE SOLE SOLE
1
MICREL INCORPORATED CALL 59479390 466,200 6,300 SOLE SOLE SOLE
1
MICREL INCORPORATED PUT 59479395 1,073,000 14,500 SOLE SOLE SOLE
1
MICROMUSE INC CALL 59509490 726,350 14,600 SOLE SOLE SOLE
3
MICROMUSE INC PUT 59509495 1,263,650 25,400 SOLE SOLE SOLE
3
MICROSOFT CORP CALL 59491890 8,579,900 95,200 SOLE SOLE SOLE
4
MICROTEST INC COMM 59494110 76,698 32,294 SOLE SOLE SOLE
6
MIDWAY GAMES INC COMM 59814810 957,375 74,000 SOLE SOLE SOLE
4
MILLIPORE CORP. CALL 60107390 2,202,544 54,300 SOLE SOLE SOLE
9
MILLIPORE CORP. PUT 60107395 438,075 10,800 SOLE SOLE SOLE
9
MIRAGE RESORTS INC CALL 60462E90 1,547,700 92,400 SOLE SOLE SOLE
4
MIRAGE RESORTS INC PUT 60462E95 2,128,925 127,100 SOLE SOLE SOLE
4
MIRAGE RESORTS INC COMM 60462E10 1,336,650 79,800 SOLE SOLE SOLE
4
MITCHAM INDUSTRIES COMM 60650110 119,948 30,463 SOLE SOLE SOLE
4
MOORE CORP LTD PUT 61578595 137,350 16,400 SOLE SOLE SOLE
2
MOORE CORP LTD COMM 61578510 435,500 52,000 SOLE SOLE SOLE
2
MORGAN J P & CO INC PUT 61688095 885,150 6,300 SOLE SOLE SOLE
0
MORGAN J P & CO INC COMM 61688010 562,000 4,000 SOLE SOLE SOLE
0
MORGAN PRODUCTS LTD COMM 61743910 65,194 17,100 SOLE SOLE SOLE
4
MORGAN STANLEY DEAN WITTE COMM 61745P43 111,719 12,500 SOLE SOLE SOLE
MUNI 7
MORGAN STANLEY DEAN COMM 61745P45 93,125 10,000 SOLE SOLE SOLE
WITTER 2
MORGAN STANLEY DEAN COMM 61745P83 145,031 10,500 SOLE SOLE SOLE
WITTER 3
MORGAN STANLEY DEAN CALL 61744690 4,581,750 44,700 SOLE SOLE SOLE
WITTER CO 8
MORGAN STANLEY DEAN PUT 61744695 7,451,750 72,700 SOLE SOLE SOLE
WITTER CO 8
MOTO PHOTO INC COMM 61982110 18,028 18,028 SOLE SOLE SOLE
1
MOTOROLA INC CALL 62007690 39,141,225 413,100 SOLE SOLE SOLE
9
MOVIE STAR INC COMM 62459110 22,721 13,464 SOLE SOLE SOLE
3
MU CVT BOND CORP 595112AB 1,025,000 1,000 SOLE SOLE SOLE
9
MUNIENHANCGD FUND INC COMM 62624310 138,125 13,000 SOLE SOLE SOLE
9
MUNIYIELD INSD FD INC COM COMM 62630E10 154,673 10,999 SOLE SOLE SOLE
7
MUNIYIELD MICHIGAN FUND COMM 62630010 146,875 10,000 SOLE SOLE SOLE
INC 7
MUNIYIELD N Y INSURED FD COMM 62630P10 183,247 13,207 SOLE SOLE SOLE
II 2
MUNIYIELD NY INSURED FUND COMM 62630110 186,400 12,800 SOLE SOLE SOLE
INC 5
MUNIYIELD PENNSYVANIA COMM 62630V10 195,125 14,000 SOLE SOLE SOLE
FUND 9
MUNIYIELD QUALITY FUND II COMM 62630T10 164,063 12,500 SOLE SOLE SOLE
INC 4
MUSICLAND STORES CORP CALL 62758B90 529,838 59,700 SOLE SOLE SOLE
9
MUSICLAND STORES CORP PUT 62758B95 519,188 58,500 SOLE SOLE SOLE
9
MUSICLAND STORES CORP COMM 62758B10 299,088 33,700 SOLE SOLE SOLE
9
MUSTANG SOFTWARE INC COMM 62820W10 75,386 15,268 SOLE SOLE SOLE
7
MYERS INDUSTRIES, INC. COMM 62846410 470,320 23,516 SOLE SOLE SOLE
9
MYLEX CORP COMM 62854610 219,075 38,100 SOLE SOLE SOLE
3
NABISCO GROUP HOLDINGS CALL 62952P90 246,488 12,600 SOLE SOLE SOLE
2
NABISCO GROUP HOLDINGS PUT 62952P95 1,103,325 56,400 SOLE SOLE SOLE
2
NABISCO GROUP HOLDINGS COMM 62952P10 455,806 23,300 SOLE SOLE SOLE
2
NABISCO HOLDINGS CP CL A CALL 62952690 2,244,675 51,900 SOLE SOLE SOLE
4
NATIONAL COMPUTER SYS INC CALL 63551990 710,806 21,100 SOLE SOLE SOLE
1
NATIONAL COMPUTER SYS INC PUT 63551995 1,256,544 37,300 SOLE SOLE SOLE
1
NATIONAL DATA CORP CALL 63562190 384,750 9,000 SOLE SOLE SOLE
5
NATIONAL DATA CORP PUT 63562195 3,296,025 77,100 SOLE SOLE SOLE
5
NATIONAL DATA CORP COMM 63562110 782,325 18,300 SOLE SOLE SOLE
5
NATIONAL HEALTHCARE COMM 63590610 101,552 12,694 SOLE SOLE SOLE
CORP(NEW) 0
NATIONAL RECORD MART INC COMM 63735510 238,210 56,886 SOLE SOLE SOLE
8
NATIONAL SEMICONDUCTOR CALL 63764090 840,375 33,200 SOLE SOLE SOLE
CORP 3
NATIONAL WIRELESS COMM 63856010 1,575,722 92,350 SOLE SOLE SOLE
HOLDINGS INC 2
NATIONWIDE HEALTH COMM 63862010 263,063 13,800 SOLE SOLE SOLE
4
NATL COMM BANCORP COMM 63544910 230,563 10,540 SOLE SOLE SOLE
1
NEOMAGIC CORP CALL 64049790 219,425 26,200 SOLE SOLE SOLE
3
NEOMAGIC CORP PUT 64049795 280,563 33,500 SOLE SOLE SOLE
3
NEOWARE SYS INC WTS WARR 64065P11 7,124 56,990 SOLE SOLE SOLE
0
NETSPEAK CORP COMM 64115D10 341,523 28,912 SOLE SOLE SOLE
9
NETWORK PERIPHERALS INC PUT 64121R95 377,813 19,500 SOLE SOLE SOLE
0
NETWORK PERIPHERALS INC COMM 64121R10 988,144 51,001 SOLE SOLE SOLE
0
NETWORK SOLUTIONS INC PUT 64121Q95 2,363,969 29,900 SOLE SOLE SOLE
2
NEW ERA OF NETWORKS INC PUT 64431295 2,417,513 55,100 SOLE SOLE SOLE
0
NEW ERA OF NETWORKS INC COMM 64431210 2,507,193 57,144 SOLE SOLE SOLE
0
NEW WORLD COFFEE COMM 64890410 186,630 248,840 SOLE SOLE SOLE
MANHATTAN NC 0
NEWFIELD EXPLORATION CO CALL 65129090 617,094 21,700 SOLE SOLE SOLE
8
NEWSTAR MEDIA INC COMM 65250310 104,219 72,500 SOLE SOLE SOLE
3
NIAGARA MOHAWK HOLDINGS COMM 65352010 160,625 10,000 SOLE SOLE SOLE
INC 6
NICOR INC COMM 65408610 274,050 7,200 SOLE SOLE SOLE
7
NL INDUSTRIES INC NEW PUT 62915695 252,538 22,700 SOLE SOLE SOLE
7
NL INDUSTRIES INC NEW COMM 62915640 120,150 10,800 SOLE SOLE SOLE
7
NOBLE AFFILIATES INC COMM 65489410 315,700 11,200 SOLE SOLE SOLE
4
NOBLE DRILLING CORP CALL 65504290 4,372,594 222,100 SOLE SOLE SOLE
9
NOBLE DRILLING CORP PUT 65504295 1,960,875 99,600 SOLE SOLE SOLE
9
NORD RESOURCES CORP COMM 65555510 28,744 51,100 SOLE SOLE SOLE
0
NORTHWEST NATURAL GAS CO. COMM 66765510 206,568 8,607 SOLE SOLE SOLE
4
NOTIFY CORP WTS WARR 66995611 103,596 51,000 SOLE SOLE SOLE
2
NOVELL INC COMM 67000610 2,105,054 79,436 SOLE SOLE SOLE
5
NUEVO ENERGY CO COMM 67050910 304,750 23,000 SOLE SOLE SOLE
8
NUVEEN MUNI VALUE FUND COMM 67092810 96,469 10,500 SOLE SOLE SOLE
INC 0
NUWAVE TECHNOLOGIES INC COMM 67065M10 39,770 20,200 SOLE SOLE SOLE
2
OBJECTIVE SYS INTEGRATORS COMM 67442410 56,062 20,386 SOLE SOLE SOLE
INC 6
OCEAN ENERGY INC (NEW) COMM 67481E10 433,125 45,000 SOLE SOLE SOLE
6
OMNICARE INC CALL 68190490 491,113 38,900 SOLE SOLE SOLE
8
OMNICARE INC PUT 68190495 349,713 27,700 SOLE SOLE SOLE
8
OMNICARE INC COMM 68190410 253,763 20,100 SOLE SOLE SOLE
8
OMNICOM GROUP INC CORP 681919AE 2,530,000 1,000 SOLE SOLE SOLE
6
ONE VALLEY BANCORP INC PUT 68241995 1,845,000 49,200 SOLE SOLE SOLE
6
ONE VALLEY BANCORP INC COMM 68241910 1,019,063 27,175 SOLE SOLE SOLE
6
OTTER TAIL POWER CO COMM 68964810 224,609 5,834 SOLE SOLE SOLE
3
OWENS CORNING CALL 69073F90 453,750 13,200 SOLE SOLE SOLE
3
OXFORD HEALTH PLANS INC COMM 69147110 531,371 34,282 SOLE SOLE SOLE
6
PACCAR INC CALL 69371890 1,777,388 33,300 SOLE SOLE SOLE
8
PACCAR INC PUT 69371895 987,438 18,500 SOLE SOLE SOLE
8
PACIFIC AEROSPACE ELEC COMM 69375810 18,445 11,805 SOLE SOLE SOLE
INC 4
PANAMERICAN BEVERAGES INC CALL P7482390 261,938 11,000 SOLE SOLE SOLE
CL A 8
PANAMSAT CORP (NEW) CALL 69793390 811,181 20,900 SOLE SOLE SOLE
9
PANAMSAT CORP (NEW) PUT 69793395 260,044 6,700 SOLE SOLE SOLE
9
PARADISE MUSIC & ENTMT COMM 69907110 223,157 40,574 SOLE SOLE SOLE
INC 6
PARALLEL PETE CORP NEW- COMM 69915710 192,585 106,254 SOLE SOLE SOLE
DEL 3
PARKER DRILLING CO COMM 70108110 36,769 11,100 SOLE SOLE SOLE
1
PAYCHEX INC CALL 70432690 2,246,313 70,750 SOLE SOLE SOLE
7
PAYCHEX INC PUT 70432695 2,251,075 70,900 SOLE SOLE SOLE
7
P-COM INC CALL 69326290 99,679 19,100 SOLE SOLE SOLE
7
P-COM INC PUT 69326295 791,692 151,700 SOLE SOLE SOLE
7
P-COM INC COMM 69326210 508,024 97,345 SOLE SOLE SOLE
7
PECO ENERGY COMPANY PUT 69330495 1,046,875 25,000 SOLE SOLE SOLE
7
PEDIATRIX MEDICAL GROUP CALL 70532490 1,566,125 73,700 SOLE SOLE SOLE
INC 1
PEDIATRIX MEDICAL GROUP PUT 70532495 206,125 9,700 SOLE SOLE SOLE
INC 1
PEP BOYS MANNY MOE & JACK CALL 71327890 1,338,588 61,900 SOLE SOLE SOLE
9
PEP BOYS MANNY MOE & JACK PUT 71327895 780,663 36,100 SOLE SOLE SOLE
9
PEPSI BOTTLING GROUP INC PUT 71340995 369,000 16,000 SOLE SOLE SOLE
(THE) 0
PEPSI BOTTLING GROUP INC COMM 71340910 424,350 18,400 SOLE SOLE SOLE
(THE) 0
PEROT SYSTEMS CORP CALL 71426590 840,750 28,500 SOLE SOLE SOLE
5
PEROT SYSTEMS CORP PUT 71426595 469,050 15,900 SOLE SOLE SOLE
5
PHARMACIA-UPJOHN INC CALL 71694190 772,650 13,600 SOLE SOLE SOLE
9
PHILLIPS PETE CO CALL 71850790 845,250 16,800 SOLE SOLE SOLE
6
PHYCOR INC CALL 71940F90 195,438 26,500 SOLE SOLE SOLE
0
PHYCOR INC PUT 71940F95 103,250 14,000 SOLE SOLE SOLE
0
PIER 1 IMPORTS INC CALL 72027990 857,250 76,200 SOLE SOLE SOLE
8
PIER 1 IMPORTS INC PUT 72027995 141,750 12,600 SOLE SOLE SOLE
8
PITNEY BOWES INC CALL 72447990 218,450 3,400 SOLE SOLE SOLE
0
PITNEY BOWES INC COMM 72447910 1,142,108 17,776 SOLE SOLE SOLE
0
PLC SYSTEMS INC (F) PUT 69341D95 108,850 31,100 SOLE SOLE SOLE
4
PLC SYSTEMS INC (F) COMM 69341D10 134,750 38,500 SOLE SOLE SOLE
4
PLD TELEKOM INC COMM 69340T10 36,131 11,562 SOLE SOLE SOLE
0
PMC-SIERRA INC CALL 69344F90 4,408,525 74,800 SOLE SOLE SOLE
6
PMC-SIERRA INC PUT 69344F95 860,488 14,600 SOLE SOLE SOLE
6
POGO PRODUCING COMPANY PUT 73044895 1,026,238 55,100 SOLE SOLE SOLE
7
POGO PRODUCING COMPANY COMM 73044810 223,500 12,000 SOLE SOLE SOLE
7
POPULAR INC CALL 73317490 1,129,950 37,200 SOLE SOLE SOLE
6
POPULAR INC PUT 73317495 671,288 22,100 SOLE SOLE SOLE
6
POTLATCH CORP CALL 73762890 2,882,300 65,600 SOLE SOLE SOLE
7
PRICE TNTERP INC (MD) COMM 74144420 119,607 16,641 SOLE SOLE SOLE
2
PRIME HOSPITALITY CORP PUT 74191795 560,400 46,700 SOLE SOLE SOLE
8
PRIME HOSPITALITY CORP COMM 74191710 300,000 25,000 SOLE SOLE SOLE
8
PRIME RETAIL INC COMM 74157010 323,175 37,200 SOLE SOLE SOLE
5
PRIORITY HEALTHCARE CORP COMM 74264T10 416,933 12,085 SOLE SOLE SOLE
2
PROCEPT INC COMM 74268340 54,191 36,127 SOLE SOLE SOLE
2
PRODIGY COMMUN CORP CALL 74283P90 795,675 30,900 SOLE SOLE SOLE
7
PROTEIN POLYMER TECH INC COMM 74369710 6,250 20,000 SOLE SOLE SOLE
4
PUBLICARD INC COMM 74462710 1,510,351 151,985 SOLE SOLE SOLE
0
PULTE CORP CALL 74586790 352,856 15,300 SOLE SOLE SOLE
1
PYRAMID BREWERIES INC COMM 74713510 734,592 379,144 SOLE SOLE SOLE
1
QLOGIC CORP CALL 74727790 7,114,800 53,900 SOLE SOLE SOLE
1
QLOGIC CORP PUT 74727795 1,531,200 11,600 SOLE SOLE SOLE
1
QUANTUM CORPORATION CALL 74790690 436,800 18,200 SOLE SOLE SOLE
5
QUANTUM CORPORATION COMM 74790610 212,664 8,861 SOLE SOLE SOLE
5
QUESTAR CORP COMM 74835610 200,813 10,500 SOLE SOLE SOLE
2
R & B FALCON CORP COMM 74912E10 150,000 16,000 SOLE SOLE SOLE
1
RALLYS HAMBURGERS INC COMM 75120310 94,676 168,313 SOLE SOLE SOLE
0
RALLYS HAMBURGERS INC WTS WARR 75120312 15,108 161,065 SOLE SOLE SOLE
6
RAMTRON INTERNATIONAL COMM 75190710 8,479 13,567 SOLE SOLE SOLE
CORP 6
RANGE RESOURCES CORP COMM 75281A10 103,513 16,900 SOLE SOLE SOLE
9
RAY JAMES FINL INC CALL 75473090 1,599,025 66,800 SOLE SOLE SOLE
9
RAY JAMES FINL INC PUT 75473095 306,400 12,800 SOLE SOLE SOLE
9
REALNETWORKS INC COMM 75605L10 990,974 14,388 SOLE SOLE SOLE
4
RECOTON CORP CALL 75626890 157,323 17,300 SOLE SOLE SOLE
8
RECOTON CORP PUT 75626895 701,132 77,100 SOLE SOLE SOLE
8
RECOTON CORP COMM 75626810 510,344 56,120 SOLE SOLE SOLE
8
REDHOOK ALE BREWERY INC COMM 75747310 1,018,722 265,030 SOLE SOLE SOLE
3
REGAL BELOIT CORP COMM 75875010 400,160 16,938 SOLE SOLE SOLE
3
REGENERON PHARMACEUTICALS CALL 75886F90 303,906 38,900 SOLE SOLE SOLE
INC 7
REINSURANCE GROUP OF COMM 75935120 1,621,400 48,400 SOLE SOLE SOLE
AMERICA I 8
RELIANCE GROUP HLDGS INC PUT 75946495 951,256 127,900 SOLE SOLE SOLE
0
RELIANCE GROUP HLDGS INC COMM 75946410 760,113 102,200 SOLE SOLE SOLE
0
RELIANT ENERGY INC CALL 44216190 439,238 15,900 SOLE SOLE SOLE
8
RELIANT ENERGY INC PUT 44216195 303,875 11,000 SOLE SOLE SOLE
8
RELIANT ENERGY INC PUT 75952J95 251,388 9,100 SOLE SOLE SOLE
8
RELIANT ENERGY INC COMM 75952J10 210,696 7,627 SOLE SOLE SOLE
8
RESMED INC CALL 76115290 440,563 13,300 SOLE SOLE SOLE
7
REVLON INC CL A PUT 76152595 620,125 20,500 SOLE SOLE SOLE
0
REVLON INC CL A A SH 76152550 257,125 8,500 SOLE SOLE SOLE
0
RICHMOND CNTY FIN CORP CALL 76455690 455,594 23,900 SOLE SOLE SOLE
6
RIDE INC COMM 76568910 60,238 80,317 SOLE SOLE SOLE
4
RITE AID CORP PUT 76775495 5,981,413 242,900 SOLE SOLE SOLE
4
RITE AID CORP COMM 76775410 3,841,500 156,000 SOLE SOLE SOLE
4
RIVERIA TOOL CO COMM 76964810 154,662 31,324 SOLE SOLE SOLE
6
RJR REYNOLDS TABACCO COMM 76182K10 393,750 12,500 SOLE SOLE SOLE
HOLDINGS 5
ROCK BOTTOM RESTAURANTS COMM 77183310 208,940 21,568 SOLE SOLE SOLE
INC 0
ROHN INDUST INC COMM 77538110 23,614 17,174 SOLE SOLE SOLE
6
ROSLYN BANCORP INC COMM 77816210 384,639 22,379 SOLE SOLE SOLE
7
ROTONICS MANUFACTURING COMM 77890310 11,625 11,625 SOLE SOLE SOLE
INC 4
ROUSE CO CALL 77927390 357,788 14,100 SOLE SOLE SOLE
1
ROUSE CO PUT 77927395 215,688 8,500 SOLE SOLE SOLE
1
ROWAN COS INC CALL 77938290 610,281 33,100 SOLE SOLE SOLE
0
RPM, INC. CALL 74968590 961,913 67,800 SOLE SOLE SOLE
3
RPM, INC. PUT 74968595 341,919 24,100 SOLE SOLE SOLE
3
RUSSELL CORPORATION CALL 78235290 214,500 11,000 SOLE SOLE SOLE
8
RYANS FAMILY STEAK HOUSES COMM 78351910 141,964 12,278 SOLE SOLE SOLE
INC 1
RYERSON TULL INC (NEW) CALL 78375P90 207,575 9,200 SOLE SOLE SOLE
7
RYLAND GROUP INC CALL 78376490 273,125 9,200 SOLE SOLE SOLE
3
SAFECO CORP COM CALL 78642990 4,236,000 96,000 SOLE SOLE SOLE
0
SAFECO CORP COM PUT 78642995 1,028,113 23,300 SOLE SOLE SOLE
0
SAFEGUARD SCIENTIFIC INC PUT 78644995 2,418,000 39,000 SOLE SOLE SOLE
8
SAFEGUARD SCIENTIFIC INC COMM 78644910 3,000,800 48,400 SOLE SOLE SOLE
8
SAKS INC PUT 79377R95 378,263 13,100 SOLE SOLE SOLE
8
SAKS INC COMM 79377W10 678,216 23,488 SOLE SOLE SOLE
8
SAMSONITE CORP COMM 79604V10 89,830 17,966 SOLE SOLE SOLE
5
SANDERSON FARM INC COMM 80001310 446,168 31,310 SOLE SOLE SOLE
4
SANMINA CORP CALL 80090790 3,588,888 47,300 SOLE SOLE SOLE
7
SBC COMMUNICATIONS INC CALL 78387G90 887,400 15,300 SOLE SOLE SOLE
3
SBC COMMUNICATIONS INC COMM 78387G20 1,380,000 20,000 SOLE SOLE SOLE
DECS 2
SCHLUMBERGER LTD CALL 80685790 1,910,625 30,000 SOLE SOLE SOLE
8
SCIENT CORP COMM 80864H10 261,166 5,491 SOLE SOLE SOLE
9
SCIOS INC. COMM 80890510 84,139 25,889 SOLE SOLE SOLE
3
SCUDDER NEW EUROPE FUND COMM 81090510 3,498,000 169,600 SOLE SOLE SOLE
INC 9
SEACOAST FINANCIAL COMM 81170Q10 211,500 18,800 SOLE SOLE SOLE
SERVICES 6
SEAGATE TECHNOLOGY PUT 81180495 404,875 15,800 SOLE SOLE SOLE
3
SEAGATE TECHNOLOGY COMM 81180410 572,360 22,336 SOLE SOLE SOLE
3
SEAGRAM LTD COMM 81185010 856,375 17,000 SOLE SOLE SOLE
6
SEALED AIR CORP CV PFD A COMM 81211K20 237,500 3,800 SOLE SOLE SOLE
9
SEALED AIR CORP NEW CALL 81211K90 2,646,900 40,800 SOLE SOLE SOLE
0
SEC FIRST TECH CORP+ CALL 81427990 3,793,500 84,300 SOLE SOLE SOLE
5
SEC FIRST TECH CORP+ PUT 81427995 1,107,000 24,600 SOLE SOLE SOLE
5
SECURE COMPUTING CORP PUT 81370595 139,444 60,300 SOLE SOLE SOLE
0
SECURE COMPUTING CORP COMM 81370510 145,979 63,126 SOLE SOLE SOLE
0
SEGUE SOFTWARE INC COMM 81580710 228,852 31,296 SOLE SOLE SOLE
2
SEI INVESTMENTS CO COMM 78411710 414,775 4,700 SOLE SOLE SOLE
3
SELECTIVE INS GROUP INC COMM 81630010 472,207 24,853 SOLE SOLE SOLE
7
SELIGMANN SELECT COMM 81634410 120,713 11,100 SOLE SOLE SOLE
MUNICIPAL FD 5
SEPRACOR INC COMM 81731510 524,961 6,481 SOLE SOLE SOLE
4
SERVICEMASTER CO CALL 81760N90 2,461,875 131,300 SOLE SOLE SOLE
9
SERVICEMASTER CO PUT 81760N95 633,750 33,800 SOLE SOLE SOLE
9
SHANDONG HUANENG PWR DEV AMER 81941910 88,706 17,100 SOLE SOLE SOLE
LTD 2
SHOP AT HOME INC (NEW) CALL 82506690 165,963 18,700 SOLE SOLE SOLE
1
SHUFFLE MASTER INC PUT 82554995 391,519 47,100 SOLE SOLE SOLE
8
SHUFFLE MASTER INC COMM 82554910 206,133 24,798 SOLE SOLE SOLE
8
SIGA PHARMACEUTICALS INC COMM 82691710 62,900 62,900 SOLE SOLE SOLE
6
SILICON VALLEY GROUP INC CALL 82706690 1,567,800 93,600 SOLE SOLE SOLE
1
SILICON VALLEY GROUP INC PUT 82706695 1,195,950 71,400 SOLE SOLE SOLE
1
SIMON PROPERTY GROUP INC COMM 82880610 281,663 11,100 SOLE SOLE SOLE
9
SJW CORP COMM 78430510 341,671 4,291 SOLE SOLE SOLE
4
SMITHKLINE BEECHAM P.L.C. AMER 83237830 561,531 8,500 SOLE SOLE SOLE
ADR 1
SOFTNET SYSTEMS INC PUT 83396495 3,457,094 124,300 SOLE SOLE SOLE
9
SOFTNET SYSTEMS INC COMM 83396410 1,450,116 52,139 SOLE SOLE SOLE
9
SONAT INC COMM 83541510 2,065,211 62,346 SOLE SOLE SOLE
0
SONIC CORP PUT 83545195 504,363 15,700 SOLE SOLE SOLE
5
SONY CORP CALL 83569990 386,313 3,500 SOLE SOLE SOLE
7
SONY CORP PUT 83569995 3,454,738 31,300 SOLE SOLE SOLE
7
SOTHEBYS HOLDINGS INC CALL 83589890 766,313 20,100 SOLE SOLE SOLE
7
SOTHEBYS HOLDINGS INC PUT 83589895 1,624,125 42,600 SOLE SOLE SOLE
7
SOUTHERN MINERAL CORP COMM 84336720 58,687 170,700 SOLE SOLE SOLE
2
SOVEREIGN BANCORP INC COMM 84590510 200,423 16,445 SOLE SOLE SOLE
8
SPACELABS MEDICAL INC PUT 84624795 193,700 10,400 SOLE SOLE SOLE
4
SPAIN WEBS INDEX SER COMM 92923H83 1,877,789 67,516 SOLE SOLE SOLE
0
SPECTRIAN CORP CALL 84760890 436,450 30,100 SOLE SOLE SOLE
6
SPECTRIAN CORP PUT 84760895 385,700 26,600 SOLE SOLE SOLE
6
SPLASH TECHNOLOGY PUT 84862395 82,969 11,800 SOLE SOLE SOLE
HOLDINGS INC 4
SPLASH TECHNOLOGY COMM 84862310 99,528 14,155 SOLE SOLE SOLE
HOLDINGS INC 4
SPRINT CORP CALL 85206190 7,810,969 147,900 SOLE SOLE SOLE
0
SPRINT CORP PUT 85206195 945,344 17,900 SOLE SOLE SOLE
0
SPRINT CORP (PCS GROUP) CALL 85206190 2,085,063 36,500 SOLE SOLE SOLE
6
SPX CORPORATION PUT 78463595 11,456,200 137,200 SOLE SOLE SOLE
4
SPX CORPORATION COMM 78463510 14,687,650 175,900 SOLE SOLE SOLE
4
STAGE STORES INC COMM 85254C10 78,000 12,000 SOLE SOLE SOLE
7
STANDARD AUTO CP COMM 85309710 182,438 10,500 SOLE SOLE SOLE
3
STANDARD PACIFIC CORP PUT 85375C95 548,550 42,400 SOLE SOLE SOLE
1
STANDARD PACIFIC CORP COMM 85375C10 205,706 15,900 SOLE SOLE SOLE
1
STARBUCKS CORP PUT 85524495 373,750 10,000 SOLE SOLE SOLE
9
STARBUCKS CORP COMM 85524410 200,480 5,364 SOLE SOLE SOLE
9
STERICYCLE INC CALL 85891290 202,906 15,100 SOLE SOLE SOLE
8
STOLT COMEX SEAWAY ADR AMER 86156710 329,375 31,000 SOLE SOLE SOLE
5
STRATEGIA CORP. COMM 86268Q10 78,930 50,515 SOLE SOLE SOLE
8
SUIZA FOODS CORP CALL 86507790 2,164,938 51,700 SOLE SOLE SOLE
1
SUIZA FOODS CORP PUT 86507795 1,122,250 26,800 SOLE SOLE SOLE
1
SUMMIT TECHNOLOGY INC CALL 86627E90 2,662,000 121,000 SOLE SOLE SOLE
1
SUMMIT TECHNOLOGY INC PUT 86627E95 792,000 36,000 SOLE SOLE SOLE
1
SUN MICROSYSTEMS INC CALL 86681090 220,400 3,200 SOLE SOLE SOLE
4
SUN MICROSYSTEMS INC PUT 86681095 1,239,750 18,000 SOLE SOLE SOLE
4
SUNBEAM CORP PUT 86707195 79,375 10,000 SOLE SOLE SOLE
2
SUNRISE ASSISTED LIVING CORP 86768KAA 1,106,250 1,000 SOLE SOLE SOLE
4
SUNTRUST BANKS INC COMM 86791410 895,049 12,890 SOLE SOLE SOLE
3
SUPERIOR ENERGY SVCS INC COMM 86815710 73,667 14,462 SOLE SOLE SOLE
8
SUPERIOR TELECOM INC PUT 86836595 200,000 8,000 SOLE SOLE SOLE
7
SUPERIOR TELECOM INC COMM 86836510 218,750 8,750 SOLE SOLE SOLE
7
SYBASE INC COMM 87113010 126,689 11,583 SOLE SOLE SOLE
0
SYMANTEC CORP COMM 87150310 327,140 12,829 SOLE SOLE SOLE
8
SYNAGRO TECHNOLOGIES INC COMM 87156220 319,388 50,100 SOLE SOLE SOLE
3
SYSTEM & COMPUTER TECHNGY PUT 87187395 367,650 25,800 SOLE SOLE SOLE
CORP 5
SYSTEM & COMPUTER TECHNGY COMM 87187310 443,332 31,111 SOLE SOLE SOLE
CORP 5
SYSTEM SOFTWARE ASSOC INC COMM 87183910 21,045 12,951 SOLE SOLE SOLE
6
T C B Y ENTERPRISES INC COMM 87224510 857,238 141,400 SOLE SOLE SOLE
5
T J INTERNATIONAL INC CALL 87253490 473,550 15,400 SOLE SOLE SOLE
2
TARRANT APPAREL GROUP COMM 87628910 292,613 12,969 SOLE SOLE SOLE
9
TBC CORP PUT 87218095 109,900 15,700 SOLE SOLE SOLE
4
TCA CABLE TV INC COMM 87224110 219,617 3,966 SOLE SOLE SOLE
4
TCF FINANCIAL CORP CALL 87227590 1,995,850 71,600 SOLE SOLE SOLE
2
TCF FINANCIAL CORP COMM 87227510 259,238 9,300 SOLE SOLE SOLE
2
TCI MUSIC INC SER A COMM 87229N10 239,135 6,760 SOLE SOLE SOLE
1
TECHNOLOGY SECTOR SPDR COMM 81369Y80 8,075,000 200,000 SOLE SOLE SOLE
3
TECO ENERGY INC CALL 87237590 1,842,750 81,000 SOLE SOLE SOLE
0
TECO ENERGY INC PUT 87237595 464,100 20,400 SOLE SOLE SOLE
0
TECUMSEH PRODUCTS CO CL-A A SH 87889520 605,242 10,004 SOLE SOLE SOLE
0
TEJON RANCH CO COMM 87908010 201,823 7,993 SOLE SOLE SOLE
9
TEKELEC COMM 87910110 192,526 15,797 SOLE SOLE SOLE
3
TELXON CORP COMM 87970010 261,271 32,916 SOLE SOLE SOLE
2
TEMPLE INLAND INC CALL 87986890 969,150 14,200 SOLE SOLE SOLE
7
TEMPLE INLAND INC PUT 87986895 252,525 3,700 SOLE SOLE SOLE
7
TEMPLETON CHINA WORLD COMM 88018X10 198,281 22,500 SOLE SOLE SOLE
FUND INC 2
TEMPLETON DRAGON FUND INC COMM 88018T10 903,806 81,700 SOLE SOLE SOLE
1
TERADYNE INC CALL 88077090 968,625 13,500 SOLE SOLE SOLE
2
THE BOSTON BEER CO INC COMM 10055710 201,563 25,000 SOLE SOLE SOLE
7
THE DEWOLFE COS INC COMM 25211510 97,335 14,692 SOLE SOLE SOLE
0
THE FRANCE GROWTH FUND COMM 35177K10 2,696,375 196,100 SOLE SOLE SOLE
INC 8
THE GAP INC PUT 36476095 403,000 8,000 SOLE SOLE SOLE
8
THE GAP INC COMM 36476010 312,325 6,200 SOLE SOLE SOLE
8
THE PHILIP MORRIS PUT 71815495 6,172,800 153,600 SOLE SOLE SOLE
COMPANIES 7
THE PHILIP MORRIS COMM 71815410 10,279,963 255,800 SOLE SOLE SOLE
COMPANIES 7
THE PROCTER & GAMBLE CALL 74271890 3,864,525 43,300 SOLE SOLE SOLE
COMPANY 9
THE PROCTER & GAMBLE PUT 74271895 330,225 3,700 SOLE SOLE SOLE
COMPANY 9
THEGLOBE COM INC PUT 88335R95 221,763 11,300 SOLE SOLE SOLE
1
THERMO CARDIOSYSTEMS INC CALL 88355K90 886,313 81,500 SOLE SOLE SOLE
0
THERMO CARDIOSYSTEMS INC PUT 88355K95 442,613 40,700 SOLE SOLE SOLE
0
THERMO ELECTRON CORP CALL 88355690 383,194 19,100 SOLE SOLE SOLE
2
THERMO ELECTRON CORP PUT 88355695 2,636,213 131,400 SOLE SOLE SOLE
2
THERMO FIBERGEN INC COMM 88355U10 1,873,463 164,700 SOLE SOLE SOLE
9
THERMO FIBERGEN INC RTS RIGH 88355U11 372,350 270,800 SOLE SOLE SOLE
7
THERMO INSTR SYS INC CALL 88355990 200,813 11,900 SOLE SOLE SOLE
6
THERMOLASE CORPORATION COMM 88362410 385,088 293,400 SOLE SOLE SOLE
8
THERMOTREX CORPORATION CORP 883666AA 245,228 346 SOLE SOLE SOLE
7
THQ INC (DE) COMM 87244340 332,890 11,604 SOLE SOLE SOLE
3
TIFFANY & CO NEW CALL 88654790 1,100,100 11,400 SOLE SOLE SOLE
8
TIFFANY & CO NEW PUT 88654795 2,499,350 25,900 SOLE SOLE SOLE
8
TIMBERLINE SOFTWARE CORP COMM 88713410 417,719 26,734 SOLE SOLE SOLE
4
TIME WARNER INC. CALL 88731590 5,784,450 78,700 SOLE SOLE SOLE
9
TIME WARNER INC. PUT 88731595 1,653,750 22,500 SOLE SOLE SOLE
9
TITAN EXPLORATION INC COMM 88828910 1,450,785 290,157 SOLE SOLE SOLE
5
TMP WORLDWIDE INC COMM 87294110 483,870 7,620 SOLE SOLE SOLE
9
TODAY'S MAN INC NEW COMM 88891020 13,664 12,146 SOLE SOLE SOLE
5
TODAYS MAN INC WTS WARR 88891011 5,132 20,529 SOLE SOLE SOLE
4
TOLL BROS INC CALL 88947890 647,413 30,200 SOLE SOLE SOLE
3
TOLL BROS INC PUT 88947895 784,613 36,600 SOLE SOLE SOLE
3
TOLL BROS INC COMM 88947810 257,250 12,000 SOLE SOLE SOLE
3
TOP-AIR MANUFACTURING INC COMM 89052410 11,001 17,602 SOLE SOLE SOLE
1
TOSCO CORP NEW CALL 89149090 326,813 12,600 SOLE SOLE SOLE
2
TRANSPORTACION MARITIMA AMER 89386830 718,375 164,200 SOLE SOLE SOLE
ADR 7
TRANSWORLD HEALTHCARE INC COMM 89408110 40,773 14,182 SOLE SOLE SOLE
8
TRAVLERS PROPERTY PUT 89393995 234,750 6,000 SOLE SOLE SOLE
CASUALTY CRP 8
TRICO MARINE SERVICES INC CALL 89610690 513,188 78,200 SOLE SOLE SOLE
1
TRICO MARINE SERVICES INC PUT 89610695 234,938 35,800 SOLE SOLE SOLE
1
TRICO MARINE SERVICES INC COMM 89610610 442,411 67,415 SOLE SOLE SOLE
1
TRINET CORPORATE REALTY COMM 89628710 371,013 13,400 SOLE SOLE SOLE
TR INC 9
TYCO INT'L LTD NEW < PUT 90212495 13,928,250 147,000 SOLE SOLE SOLE
6
TYCO INT'L LTD NEW < COMM 90212410 11,500,376 121,376 SOLE SOLE SOLE
6
U.S.X MARATHON GROUP CALL 90290590 1,455,544 44,700 SOLE SOLE SOLE
7
UAL CORPORATION NEW CALL 90254990 650,000 10,000 SOLE SOLE SOLE
0
UICI CALL 90273790 2,723,825 98,600 SOLE SOLE SOLE
5
UNION CARBIDE CORPORATION COMM 90558110 326,625 6,700 SOLE SOLE SOLE
4
UNION COMMUNITY BANCORP COMM 90605410 183,375 16,300 SOLE SOLE SOLE
1
UNISYS CORP COMM 90921410 5,711,976 146,696 SOLE SOLE SOLE
8
UNITED AUTO GROUP INC CALL 90944090 203,975 19,900 SOLE SOLE SOLE
9
UNITED PAN-EUROPE COMM 91130020 399,050 7,239 SOLE SOLE SOLE
COMMUNICATIO 0
UNITED RENTALS INC CALL 91136390 929,250 31,500 SOLE SOLE SOLE
9
UNITED RENTALS INC PUT 91136395 336,300 11,400 SOLE SOLE SOLE
9
UNITED STATES CELLULAR COMM 91168410 353,100 6,600 SOLE SOLE SOLE
CORP 8
UOL PUBLISHING INC COMM 90319610 82,175 11,433 SOLE SOLE SOLE
3
US FREIGHTWAYS CORP CALL 91690690 680,800 14,800 SOLE SOLE SOLE
0
US FREIGHTWAYS CORP PUT 91690695 437,000 9,500 SOLE SOLE SOLE
0
USA NETWORKS INC COMM 90298410 774,608 19,335 SOLE SOLE SOLE
3
USG CORPORATION (NEW) COMM 90329340 1,120,000 20,000 SOLE SOLE SOLE
5
USWEB CORP PUT 91732795 2,538,250 114,400 SOLE SOLE SOLE
8
USWEB CORP COMM 91732710 1,517,736 68,405 SOLE SOLE SOLE
8
USX-U.S. STEEL GROUP CALL 90337T90 4,360,500 161,500 SOLE SOLE SOLE
1
USX-U.S. STEEL GROUP PUT 90337T95 2,770,200 102,600 SOLE SOLE SOLE
1
USX-U.S. STEEL GROUP COMM 90337T10 218,700 8,100 SOLE SOLE SOLE
1
UTI ENERGY CORP CALL 90338790 887,750 53,600 SOLE SOLE SOLE
8
VALENCE TECHNOLOGY INC COMM 91891410 128,768 17,460 SOLE SOLE SOLE
2
VALENTIS INC COMM 91913E10 92,249 25,448 SOLE SOLE SOLE
4
VAN KAMPEN ADVANT MUNI COMM 92112410 157,825 10,700 SOLE SOLE SOLE
INCOME 3
VAN KAMPEN INVT GRADE COMM 92091510 114,125 11,000 SOLE SOLE SOLE
MUNI TR 5
VARCO INTL. INC.. CALL 92212690 449,531 41,100 SOLE SOLE SOLE
7
VARCO INTL. INC.. PUT 92212695 658,438 60,200 SOLE SOLE SOLE
7
VARIFLEX INC COMM 92224210 342,308 70,217 SOLE SOLE SOLE
2
VERILINK CORP CALL 92343290 52,313 18,000 SOLE SOLE SOLE
8
VERIO INC CALL 92343390 2,812,219 40,500 SOLE SOLE SOLE
6
VERISIGN INC PUT 92343E95 1,828,500 21,200 SOLE SOLE SOLE
2
VERISIGN INC COMM 92343E10 1,290,731 14,965 SOLE SOLE SOLE
2
VERITY INC CALL 92343C90 4,243,400 78,400 SOLE SOLE SOLE
6
VIACOM INC WTS WARR 92552413 260,961 14,106 SOLE SOLE SOLE
4
VIASOFT INC COMM 92552U10 71,582 20,452 SOLE SOLE SOLE
2
VINTAGE PETROLEUM INC COMM 92746010 215,000 20,000 SOLE SOLE SOLE
5
VIVUS INC PUT 92855195 32,025 12,200 SOLE SOLE SOLE
0
VIVUS INC COMM 92855110 67,389 25,672 SOLE SOLE SOLE
0
VOICESTREAM WIRELESS CORP COMM 92861510 342,416 12,041 SOLE SOLE SOLE
3
VTEL CORP COMM 91833310 52,828 12,430 SOLE SOLE SOLE
5
WALL STREET DELI INC COMM 93190410 185,575 59,384 SOLE SOLE SOLE
6
WALNUT FIN'L SVCS INC COMM 93272320 26,813 11,000 SOLE SOLE SOLE
NEW 8
WARNACO GROUP INC CL A CALL 93439090 1,225,150 45,800 SOLE SOLE SOLE
5
WASTE MANAGEMENT SVC NEW CALL 94106L90 38,060,375 708,100 SOLE SOLE SOLE
9
WEBB DEL E CORP CALL 94742390 682,825 28,600 SOLE SOLE SOLE
9
WEBB DEL E CORP PUT 94742395 506,150 21,200 SOLE SOLE SOLE
9
WEBTRENDS CORP COMM 94844D10 202,399 4,394 SOLE SOLE SOLE
4
WESTAMERICA COMM 95709010 737,896 20,251 SOLE SOLE SOLE
BANCORPORATION 3
WESTELL TECHNOLOGIES INC A SH 95754110 179,924 25,935 SOLE SOLE SOLE
CL A 5
WESTERN GAS RESOURCES INC CONV 95825930 2,470,350 76,600 SOLE SOLE SOLE
PFD 1
WESTERN RES INC PUT 95942595 354,113 13,300 SOLE SOLE SOLE
9
WESTERN RES INC COMM 95942510 418,013 15,700 SOLE SOLE SOLE
9
WESTPOINT STEVENS INC COMM 96123810 311,570 10,451 SOLE SOLE SOLE
2
WESTRN INVT REAL ESTATE COMM 95846810 159,030 13,680 SOLE SOLE SOLE
TR SBI 0
WHITE ELEC DESIGNS CORP PREF 96380120 492,213 16,900 SOLE SOLE SOLE
PFD 4
WICOR INC COMM 92925310 977,813 35,000 SOLE SOLE SOLE
2
WILLAMETTE INDUSTREIES CALL 96913390 3,708,031 80,500 SOLE SOLE SOLE
INC 7
WILLIAMS COS COMM 96945710 234,094 5,500 SOLE SOLE SOLE
0
WILLIAMS SONOMA INC PUT 96990495 647,513 18,600 SOLE SOLE SOLE
1
WILLIAMS SONOMA INC COMM 96990410 1,465,606 42,100 SOLE SOLE SOLE
1
WILSHIRE REAL ESTATE INV COMM 97189210 153,301 40,210 SOLE SOLE SOLE
TR 4
WINSTAR COMMUNICATIONS COMM 97551510 1,943,175 39,860 SOLE SOLE SOLE
INC 7
WORKFLOW MANAGEMENT INC CALL 98137N90 1,814,025 127,300 SOLE SOLE SOLE
9
WORKFLOW MANAGEMENT INC PUT 98137N95 1,952,250 137,000 SOLE SOLE SOLE
9
WTS BENTLEY PHAR B COMM 08265712 30,000 160,000 SOLE SOLE SOLE
3
WYMAN GORDON CO. COMM 98308510 3,379,688 175,000 SOLE SOLE SOLE
1
YELLOW CORP CALL 98550990 230,175 13,200 SOLE SOLE SOLE
8
YELLOW CORP PUT 98550995 181,350 10,400 SOLE SOLE SOLE
8
ZOMAX INC COMM 98992910 584,320 13,280 SOLE SOLE SOLE
4
ZOOM TELEPHONICS INC COMM 98976E10 63,506 11,815 SOLE SOLE SOLE
3
1,535,653,291
</TABLE>
